DAR ES SALAAM: THE government has stated that improving the business environment for Iranian and Tanzanian business communities is a vital step towards enhancing international cooperation and economic integration.
“By fostering a more favourable landscape for trade and investment, this initiative not only paves the way for increased foreign direct investment but also signals to other nations that Tanzania is an attractive destination for business,” said Dr Selemani Jafo, the Minister for Industry and Trade.
Dr Jafo made these remarks recently at the Tanzania-Iran Economic Forum, which brought together the Iranian business community and Tanzanian business people.
According to the Tanzania Investment Centre (TIC), 15 Iranian companies have invested in various sectors, including agriculture, mining and fisheries.
Furthermore, the Minister urged business people to collaborate with Iranian enterprises to achieve the necessary productivity. He also encouraged Tanzanian business people to participate in the forums to exchange skills, emphasising that Iran possesses significant technology that could benefit Tanzanian businesses.
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“Business people should cooperate with our colleagues from Iran to bring the necessary productivity to develop the economy of our country. Iran has the greatest technology, so let’s collaborate with them to enhance skills and learn the technologies they use so that we can apply them here,” stated Dr Jafo.
He assured Iranian investors that Tanzania has a sufficient market, including opportunities within the East African Community, the Southern Africa Development Community (SADC) and the African Continental Free Trade Area (AfCFTA).
The Deputy Minister for Livestock Production in Iran, Mr Mohammed Hassannjed remarked that Tanzania is a strong contender for development and investment within the East African Community.
He highlighted that the improvements in growth present a good opportunity for both countries to establish strong relationships.
“Tanzania is a good potential market for local and foreign investments. I can see many opportunities for the two countries to engage in business,” said Mr Hassannjed.
He noted that the forum aimed to explore how Iran and Tanzania could do business and support each other.
“We can see how our countries can cooperate to do business while exchanging skills and knowledge,” he added.
The Director General of the Tanzania Chamber of Commerce Industry and Agriculture (TCCIA), Mr Osca Kisanga, urged business people to leverage the forums for networking and acquiring new skills and technologies.
He explained that TCCIA’s responsibility is to connect traders and various stakeholders, particularly markets and other traders, to learn different methods that can help their products enter the competitive market.
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