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Tanzania and South Africa to forge closer economic ties

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Tanzanian President Samia Suluhu Hassan during her first official visit to South Africa has urged for closer security cooperation and trade between the two countries.

President Hassan and South African counterpart Cyril Ramaphosa have expressed their commitment to strengthening the existing bilateral political and economic relations between the two countries as well as strengthening Bi-National Commission.

Tanzanian President Samia Suluhu Hassan during her first official visit to South Africa has urged for closer security cooperation and trade between the two countries. President Hassan and her South African counterpart Cyril Ramaphosa have expressed their commitment to strengthen the existing bilateral political and economic relations between the two countries as well as strengthening Bi-National Commission (BNC). President Samia’s visit to SA coincided with the second session of the South Africa-Tanzania binational commission.

Speaking about her visit, she stated that both the leaders have agreed to enhance cooperation in the areas of trade and investment. She added that South Africa is a major source of direct foreign investment in Tanzania, and pointed out that tourism and manufacturing are the leading sectors for investment.

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President Ramaphosa observed that despite the growth in bilateral trade between Tanzania and South Africa, there is good scope for further improvement. He stated that the South Africa-Tanzania Business Forum organised on the sidelines of the visit is expected to give a fillip to business cooperation. Some of the focused sectors at the Business Forum included agriculture and agro-processing, oil and gas, mining, and infrastructure development. President Ramaphosa urged both countries to align views and unite against the challenges facing the continent and international nations. He added that the changing global political landscape required the African countries to align their positions and approaches to ensure that the voice of Africa is heard on the global stage.