RUSSIAN industrialists and business tycoons will meet the business community in Dar es Salaam on Wednesday for a high-level business summit to explore investment opportunities in Tanzania.
The Minister for Industry, Trade and
Investment, Charles Mwijage, has confirmed preparation for the summit to
be held at the Julius Nyerere International Convention Centre (JNICC)
were at advanced stages and the government would be ready to host the
Russian investors on a mission in Africa.
“Arrangements with the co-host, the
Russian government are taking place being coordinated by my ministry at
which all preparations are at advanced stage,” the minister said in
Dodoma.
The two-day Russian-African Forum 2016
(RAF-2016) will be held at Julius Nyerere International Convention
Centre (JNICC) where a large group of Russian government
representatives, industrialists and business tycoons will attend.
During the meeting, Mr Mwijage and his
Russian counterpart, Denis Manturov will ink bilateral economic and
commercial relations between two countries.
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 Organizing Committee of
the Russian-African Forum (RAF).
She said the main purpose of the
business mission is to increase presence on 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.”
The turnover between Russia and Tanzania
in 2014 reached 154 million US dollars, and the figures of the first
quarter of 2015 were 71 per cent higher than in the previous-year
period. Tanzania maintained its position as the 11th fastest growing
economy in the world.
Thus, Russia sees Tanzania as a
promising business partner in the nearest feature. RAF 2016 has been
organized 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 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 attracting more than 46,000 visitors from 70
countries around the Globe
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