Themed, ‘Industrialization through strategic partnerships and value-based principles,’ the forum is scheduled to be held in Dar es Salaam on 23-24 this month at the Julius Nyerere International Convention Centre (JNICC).
The forum will bring together investors, prominent business owners, entrepreneurs, government officials and private sector CEOs from both Tanzania and Israel to further deepen and nurture partnerships, innovations and business relationships initiated earlier with the aim to discuss existing potentials for further collaboration.
A statement availed to the Guardian said the forum will foster stronger commercial ties between the two countries by exploring areas of business and investment cooperation, tapping the potential economic benefits and linkages for Israeli and Tanzania businesses and projects.
“Organizers are seeking to leverage on Israel's industrial capabilities to maintain the steady development momentum of bilateral ties through economic partnership between the two nations,” the statement said.
It is aimed at enhancing economic cooperation between Tanzania and Israel. Primary sectors earmarked for this year's forum are agribusiness (including water and irrigation), manufacturing, energy/power (including extractive industries), health, homeland security, technology-innovations, and tourism.
It said the face of a rapidly changing global economy, the forum will allow Israeli and Tanzanian companies and leaders to showcase various ways of working together towards addressing new opportunities and challenges, as well as highlighting Israel's' long-term commitment to Tanzania's economic growth and prosperity.
The Israel business delegation will be led by Ayelet Shaked, minister for Justice. The President of Tanzania Dr. John Pombe Magufuli, is expected to be the guest of honour.
In Tanzania, TIBIF is organized by the Kingdom Leadership Network Tanzania (KLNT) in partnership with the Tanzania Private Sector Foundation (TPSF) and the government through the Ministry of Foreign Affairs and East African Cooperation, the Ministry of Industries, Trade and Investments and the Tanzania Investment Centre (TIC).
In Israel TIBIF is organized by the government of Israel through its Ministry of Foreign Affairs, the Israel Export and International Cooperation Institute (IEICI) under the Ministry of Trade, and the Foreign Trade Administration under the Ministry of Economy and Industry.
The forum comes at a pivotal time for both Tanzania and Israel relations. Tanzania’s government and the private sector recognize the importance of Israel's innovation and industrial capabilities in conjunction with the tremendous potential of the fast-growing and dynamic economy of the country.
It is mutually agreed and understood that the promotion of economic partnerships, sustainable development and the increased two-way trade and investment is central to the Tanzania-Israel relationship.
The forum programme will include a two-day forum built on the platform of a Business Seminar; Business to Business (B2B), Business to Government (B2G), and Government to Government (G2G) meetings with relevant companies; tours to relevant facilities; and MASHAV and Public Private Partnership (PPP) projects.
MASHAV is Israel's Agency for International Development Cooperation responsible for PPP; training; consultancies; transfer of technology and expertise in agriculture; entrepreneurship and innovation for development; education, community development, medicine and public health.