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Tanzania, South Africa seek to deepen economic diplomacy in bilateral ties

The deputy minister for Industry and Trade, Exaud Kagahe, speaking at the event. PHOTO | COURTESY

What you need to know:

  • Speaking during the 30th anniversary of South African independence held in the country on Thursday night, May 30 the deputy minister for Industry and Trade, Exaud Kagahe said the two countries have now focused on strengthening economic diplomacy and attracting investment

Dar es Salaam. Tanzania and South Africa will now focus on economically liberating citizens from both countries, according to high ranking officials from both countries.

Speaking during the 30th anniversary of South African independence held in the country at the Johari Rotana Hotel on Thursday night, May 30 the deputy minister for Industry and Trade, Exaud Kagahe said the two countries empower their people through strengthening economic diplomacy and investment inflows to and from Tanzania and South Africa.

“Our South African counterparts have a more advanced industrial economy. We are, therefore, leveraging their experience to ensure we make significant strides in that area as part of further strengthening our economic relations,” he said.

The South African High Commissioner to Tanzania, Ms Noluthando Mayende-Malepe affirmed her country's readiness to continue cooperating with Tanzania in the areas of investment and economic advancement to improve the existing historical relationship between the two countries.

“South Africa remains committed to strengthening our partnership with Tanzania across all sectors. We believe that by enhancing economic investment and collaboration, we can achieve significant progress and prosperity for both nations. Our shared history and mutual goals will guide us in building a brighter future together,” she said.

Mr Kigahe noted that the Tanzanian government is now working to empower the private sector in the industrial segment through collaboration with South Africa to bring positive results in a short time.

This, according to Mr Kigahe, was unlike in the past, when the country was focused on a state-controlled economy where the government ran every sector.

“Currently, the government is empowering Tanzanians and companies to learn from our counterparts and excel economically in Africa,” he said.

The dean of the Diplomatic Corps and Ambassador of Comoros, Dr Ahamada El Baladaoui, said cooperation between African nations was vital and a straightforward tool in bringing economic growth.

He said this relationship was established long ago by the founders of these nations and was something that should be maintained for the benefit of present and future generations.

“The collaboration among African countries is essential for our economic development. This bond, initiated by the pioneers of our nations, is crucial and should be nurtured to ensure prosperity for both current and future generations,” he said.