The Embassy of the United Republic of Tanzania is seeking to boost the country’s trade volume with Qatar by promoting investment opportunities being offered by the East African nation in various sectors, according to its top diplomat.
Citing figures from the Tanzania Revenue Authority (TRA), Tanzanian ambassador to Qatar Fatma Mohamed Rajab said trade volume between both countries stood at $38.2mn in 2018.
In 2018, Rajab said Tanzania’s exported bran, sharps and other residue, wood sawn or chipped lengthwise, sliced or peeled, beans, pigeon peas (cajanus cajan), coffee, roses, and chickpeas to Qatar worth $16.5mn.
Tanzania’s imports from Qatar stood at $21.6mn in 2018, comprising polyethylene, kerosene type jet fuel, mixed alkylbenzenes and mixed alkylnaphthalenes, illuminating kerosene (IK), propylene copolymers, and semi-finished products of iron, according to Rajab.
“The embassy, in collaboration with Qatari company KON, is intending to increase the trade volume for 2020-2021 by organising more business forums and investment promotions to provide more information on investment and trade opportunities available in Tanzania, as well as the general investment climate, which includes investment procedures, incentives, and regulations,” Rajab told Gulf Times.
“Using the platform of KON, the embassy will be able to showcase its products for the Qatari market and outline potential areas for investments and business in various sectors in agriculture, manufacturing, mining, livestock, ICT, tourism, services sector, economic infrastructure, education, health, and transportation,” the ambassador continued.
According to Rajab, the embassy is “in full communication” with Tanzanian companies and business communities by maintaining a direct line with the country’s One Stop Centre, Tanzania Investment Centre (TIC), and Zanzibar Investment Promotion Agency (ZIPA), as well as the Tanzania Chamber of Commerce, Industry and Agriculture.
The embassy has direct communication with the Ministry of Trade and Investment in Tanzania and all other sectoral Ministries. It is also in direct contact with government and private institutions that are responsible for co-ordinating, encouraging, promoting, and facilitating trade and investments in Tanzania, Rajab pointed out.
“The embassy would like to assure the Qatar business community and investors that Tanzania has a good environment for business and investment because of its peace and stability, strategic location, attractive incentives, abundant natural resources, market potentials, investment guarantees, and dynamic workforce that will never disappoint your decision to invest in Tanzania. Don’t miss these opportunities, we are ready to welcome you to Tanzania,” Rajab emphasised.
In managing the Covid-19 global health crisis, Rajab said Tanzania has been pursuing comprehensive reform programmes in health since 1995 with government and private hospitals that were designed to improve the function and performance of this sector.
“With these reforms, Tanzania has successfully managed to combat the health crisis with positive results during the pandemic. Also, the embassy has played a vital role to bring awareness and to educate its community living in Qatar to follow the rules and guidelines issued by the country’s health authorities amid Covid-19,” she stressed.
In 2018, Rajab said Tanzania’s exported bran, sharps and other residue, wood sawn or chipped lengthwise, sliced or peeled, beans, pigeon peas (cajanus cajan), coffee, roses, and chickpeas to Qatar worth $16.5mn.
Tanzania’s imports from Qatar stood at $21.6mn in 2018, comprising polyethylene, kerosene type jet fuel, mixed alkylbenzenes and mixed alkylnaphthalenes, illuminating kerosene (IK), propylene copolymers, and semi-finished products of iron, according to Rajab.
“The embassy, in collaboration with Qatari company KON, is intending to increase the trade volume for 2020-2021 by organising more business forums and investment promotions to provide more information on investment and trade opportunities available in Tanzania, as well as the general investment climate, which includes investment procedures, incentives, and regulations,” Rajab told Gulf Times.
“Using the platform of KON, the embassy will be able to showcase its products for the Qatari market and outline potential areas for investments and business in various sectors in agriculture, manufacturing, mining, livestock, ICT, tourism, services sector, economic infrastructure, education, health, and transportation,” the ambassador continued.
According to Rajab, the embassy is “in full communication” with Tanzanian companies and business communities by maintaining a direct line with the country’s One Stop Centre, Tanzania Investment Centre (TIC), and Zanzibar Investment Promotion Agency (ZIPA), as well as the Tanzania Chamber of Commerce, Industry and Agriculture.
The embassy has direct communication with the Ministry of Trade and Investment in Tanzania and all other sectoral Ministries. It is also in direct contact with government and private institutions that are responsible for co-ordinating, encouraging, promoting, and facilitating trade and investments in Tanzania, Rajab pointed out.
“The embassy would like to assure the Qatar business community and investors that Tanzania has a good environment for business and investment because of its peace and stability, strategic location, attractive incentives, abundant natural resources, market potentials, investment guarantees, and dynamic workforce that will never disappoint your decision to invest in Tanzania. Don’t miss these opportunities, we are ready to welcome you to Tanzania,” Rajab emphasised.
In managing the Covid-19 global health crisis, Rajab said Tanzania has been pursuing comprehensive reform programmes in health since 1995 with government and private hospitals that were designed to improve the function and performance of this sector.
“With these reforms, Tanzania has successfully managed to combat the health crisis with positive results during the pandemic. Also, the embassy has played a vital role to bring awareness and to educate its community living in Qatar to follow the rules and guidelines issued by the country’s health authorities amid Covid-19,” she stressed.