Tanzania to Benefit From German Largesse
A high ranking business delegation from Germany concluded a two-day visit to Tanzania where they explored new opportunities in an effort to prepare the ground for further investments from the European country and strengthen relations between companies in the two countries.
According to press release issued by the Germany Embassy in Dar es Salaam on Friday, the delegation which concluded its trip on Thursday held discussions with the Tanzanian Vice President, Dr Mohamed Gharib Bilal, minister for Foreign Affairs and International relations, Bernard Membe and the Industries and Trade minister, Dr Abdallah Kigoda aimed at reinforcing relations between the two countries.
The German head of delegation, Hared Braun who is the state secretary for the Federal Foreign office said; "Our visit appears to be very timely. It underlines the importance attached to political dialogue and enhanced business relations between the two countries."
Braun who was accompanied by the state secretary of the federal economics and technology ministry, Ruth Herkes stressed that, based on the strong existing ties between the two countries, there is a strong inclination to increase investment and trade with Tanzania.
"Tanzania economy has maintained an impressive growth rate 6 to 7 percent over the last decade" he added.
He described mineral resources, particularly the latest discovery of natural gas which is under extraction as an enormous economic potential of Tanzania.
He added that, the German government is actively supporting Tanzanian companies to explore those opportunities together to boost social and economic development.
Under this cooperation, the two countries signed Memorandum of Understanding on the ways to strengthen good governance in Tanzania’s natural gas sector.
Herkes said; "Together we will support the Tanzanian government to create the legal frame work and capacity to deliver more inclusive economic growth sustainable development and substantial poverty eradication".
She stressed that, Germany strongly supports Tanzania to become a middle income country and that, companies from her country were ready to invest in the country.
Source African Press Agency
African News from NetNewsPublisher.com
Category: Africa
