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Tanzania-Mauritius Trade and Investment Forum bolsters economic and bilateral ties

In the context of the first edition of the African Economic Platform, an official business delegation from Tanzania, led by the Right Honourable Prime Minister, Kassim Majaliwa Majaliwa, was in Mauritius from 19th to 23rd March 2017. 

Accordingly, BOI in collaboration with Tanzania Investment Centre (TIC), the Ministry of Industry, Commerce & Consumer Protection of Mauritius and the Mauritius Chamber of Commerce and Industry (MCCI) organised a Tanzania - Mauritius Business Forum yesterday afternoon, 23rd March 2017 at Le Labourdonnais Waterfront Hotel, Port Louis. 

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During his keynote speech, the Honourable Prime Minister, Pravind Jugnauth, stated that the organisation of this forum demonstrates the joint determination of the Mauritian and Tanzanian governments to build, without delay, on the commitment made at the African Economic Platform 2017 regarding the new vision for Africa and the paradigm shift agreed upon by all stakeholders. 

The Prime Minister also emphasized the Government’s strategy to foster and strengthen economic ties with Tanzania for this will pave the way for economic growth and greater prosperity for both countries. 

Mauritius has an important role to play in the development of the continent. This forum acted as a catalyst to boost investment, bilateral business ties and cooperation between Tanzania and Mauritius.  Prime Minister Pravind Jugnauth reiterated government`s commitment to work on an air access policy between Mauritius and the East African Community. He also indicated that Tanzania remains one of the main trading partners for Mauritius. 

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The Board of Investment Mauritius signed a Memorandum of Understanding (MoU) with its Tanzanian counterpart, the Tanzania Investment Centre in Dar-es-Salam.  The MoU aims at facilitating investment and improving sharing of information between Mauritius and Tanzania. Moreover, discussions are ongoing regarding the signing of a Double Taxation Avoidance Agreement between the two countries. 

The Right Honourable Kassim Majaliwa Majaliwa commended the longstanding bilateral relations which exist between Mauritius and Tanzania.  He also enumerated the plethora of investment opportunities in sectors such as tourism, agro-industry, mining and infrastructure which Mauritian investors can tap into.  

Mr. Godfrey Simbeye, Executive Director of Tanzania Private Sector Foundation delineated the ecosystem set-up by Tanzania to facilitate doing business for foreign investors.  Tanzania presents abundant investment opportunities in agriculture, manufacturing, fishing, ICT, and infrastructure development and the private sector has been encouraged to venture in those sectors. 

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Presentations on Business environment and Investment Opportunities were showcased by the Tanzania Investment Centre  (TIC), the Zanzibar Investment Promotion Authority (ZIPA)   and the Board of Investment Mauritius (BOI).  Mr. Vinay Guddye, Head of Outward Investment at the Board of Investment, highlighted the advantages of the Mauritian platform and the business opportunities to be seized in Mauritius. 

The Trade and Investment Forum concluded with B-to-B networking sessions. 

24 March 2017