Tanzania invites French business people to invest in various economic

16Jul 2019
Crispin Gerald
Dar es Salaam
The Guardian
Tanzania invites French business people to invest in various economic

THE government has welcomed investors from France to invest in various economic sectors in the country mainly to expand trade volume between the two nations since it has been recording a downward trend in recent years.

Work, Transport and Communications Minister, Isack Kamwelwe.

Work, Transport and Communications Minister, Isack Kamwelwe made the remarks over the weekend in Dar es Salaam during the ceremony to mark the French National Day.

The Bastille Day was attended by officials from Tanzania and France, ambassadors, directors from public and private institutions, leaders of political parties and officials from the French embassy in Tanzania.

The minister highlighted that trade volume between Tanzania and France dropped to 166m/- in 2017 from 218m/- in 2015.

“Tanzania wishes to trade and have more investments from France. It is in this regard that we welcome more companies from France to come and invest in Tanzania,” he said.

Kamwelwe explained that Tanzania has continued to attract thousands of tourists from France. He said the number of tourists from France has recorded an increase from 28,003 tourists in 2012 to 33,925 tourists in 2017.

He explained that, with the range and diversity of the attraction that Tanzania is endowed with, the numbers of foreign visitors including those from France will be increased to thousands more.

“We cordially invite French business to invest in the tourism sector in Tanzania, to share their expertise that makes France the number one tourist destination in the world,” the Minister noted.

French Ambassador to Tanzania, Frederic Clavier sai his country will continue to support development projects and programs in a number of sectors such as energy, water, and transport.

He said the country is also willing to support other sectors depending on the new priorities defined by the government of Tanzania.

He cited the support that the France provided to Tanzania including the international standard water treatment plant and a new distribution network in Musoma around Lake Victoria.

The Ambassador noted that the project financed by the French Development Agency AFD, will enable to supply water that is equivalent to 200 percent of the estimated needs of Musoma’s current population of 135,000 residents and allow about 10,000 residents to gain sustainable access to safe drinking water.

“Tanzania has peace, stability, and cohesion making the country a role model in the African continent but also for European countries facing extremisms and increased tensions between communities,” he explained.

He, however, acknowledged the support he got from the late IPP Executive Chairman, Dr Reginald Mengi who he said he had privileged to have frequent interactions with, exchanging views on various business development opportunities and identifying future cooperation between various Tanzanian institutions.

“This extraordinary person and a great entrepreneur will be terribly missed,” Ambassador Clavier said.

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