“Arrangements with the co-host, the Russian Government, are being coordinated by my ministry and all preparations are in the advanced stage,” the minister said in Dodoma at the weekend.
The two-day Russian-African Forum 2016 (RAF-2016) will be held at the Julius Nyerere International Convention Centre (JNICC) where Dar es Salaam will host a large group of Russian government representatives, industrialists and business tycoons looking to invest in the country.
During the meeting, the Minister of Trade and Industry from the Russian Federation Denis Manturov and the Minister of Industry, Trade and Investment of Tanzania Charles Mwijage will ink bilateral economic and commercial relations pacts.
The Forum is to open discussions on the cooperation of Tanzanian and Russian companies and provides an opportunity for Russian business, financial and government authorities to get a better understanding of the Tanzanian economy and to create mutual collaboration.
“Russian companies set sights on using RAF 2016 as a platform to explore new investment opportunities as well as to further strengthen the economic and trade relations with Tanzania,” said Ekaterina Dyachenko, head of the Organising Committee of the Russian-African Forum (RAF).
She said the main purpose of the business mission is to increase Russian presence in the Tanzanian market and to explore the huge potential for social and economic cooperation in areas such as agriculture, mining, oil and gas, tourism, economic infrastructure, manufacturing, fisheries, banking and insurance as well as education and health.
“The Forum will also provide an opportunity for Business-to-Business (В2В), Government-to-Business (G2B) and Government-to-Government (G2G) meetings and plenary sessions. There will be business visits at local factories and manufacturers to increase knowledge and shared experiences of business and investment developments.”
With Tanzania having maintained its position as the 11th fastest growing economy in the world, Russia sees the country as a promising business partner. The turnover between Russia and Tanzania in 2014 totaled USD154million and the figures of the first quarter of 2015 were 71 per cent higher than in the previous-year.
RAF 2016 has been organised by the Ministry of Industry and Trade of the Russian Federation, Ministry of Industry, Trade and Investment of Tanzania, the Embassy of Tanzania in the Russian Federation, the Embassy of Russian Federation in Tanzania and Export Club Russia in collaboration with The Tanzania Investment Centre (TIC) and the Tanzania Private Sector Foundation (TPSF).
The Russian-African Forum invites Tanzanian business to visit Ekaterinburg on the 12th to 14th of July 2016 during the INNOPROM Exhibition. INNOPROM is the annual Forum and industrial trade fair that attracts more than 46 000 visitors from 70 countries around the Globe.