Africa has recently been at the center of attention of international business leaders. The continent’s enormous potential for development is becoming an integral part of entrepreneurial strategies.
The Russia-Africa Summit held in July demonstrated that the countries of the African continent and the Russian Federation are striving to develop equal and open cooperation in the field of economy and culture. In this regard, the visit of Russian entrepreneurs to Tanzania was an important event.
The trip took place at the invitation of Tanzanian Prime Minister Kassim Majaliwa. The Russian delegation began its work on September 25, headed by Yuri Korobov, member of the General Council, Business Russia Business Ambassador to Tanzania.
Located on the east coast of Africa, Tanzania is one of the fastest growing countries on the continent. Tanzania actively cooperates with Russian businesses and strives to create a favorable environment for joint business.
Opening a business mission
The event was attended by representatives of the Ministry of Planning and Investment, the Ministry of Agriculture, the Director of the Chamber of Commerce and Industry Mnavimisi Hussein, the Director of Investment Development of the Tanzania Investment Center (TIC) John Matthew Mnali, as well as the Ambassador of the United Republic of Tanzania to the Russian Federation Fredrik Ibrahim Kibuta.
“I am glad to welcome you to Tanzania,” Mr. Kibuta said to the Russian businessmen. ” Today is an important day for all of us. Such visits contribute to the development of long-term cooperation and increase mutual interest. In addition, face-to-face meetings allow you to directly exchange experiences and valuable information. Russian entrepreneurs will learn more about the prospects and conditions of doing business in Russia. Our Tanzanian colleagues receive information about possible Russian partners. Our joint projects have been discussed for some time, and I am extremely happy that after today’s meetings we will start implementing them.”
John Matthew Mnali, Director of Investment Development at the Tanzania Investment Center (TIC), spoke about the support and benefits for foreign investors provided in Tanzania:
“Our republic is a peaceful and politically stable country, which guarantees investment security and the absence of commercial and non-commercial risks. The Tanzania Investment Center represents a number of government agreements that protect the interests of entrepreneurs, as well as programs and offers for investors. We are open and ready for a mutually beneficial and open partnership.”
The main purpose of the visit is to implement another part of the roadmap developed this year and implement the agreements reached at the July Summit. Joint work at the forum demonstrated that the African continent trusts Russian business, as the business community in the Russian Federation is able to solve many problems of the continent.
Tanzania is interested in technology and Russia is ready to present the latest developments. One of these presentations was the presentation of a freeze-drying project that allows you to preserve up to 97% of the useful properties of products with minimal energy consumption.
This technology is very promising for the agricultural sector in Tanzania, and the project is already being discussed at the government level. In addition to solving the food problem, the introduction of freeze-drying technology will create additional jobs in logistics, marketing, trade and production.
Also, the use of drying technology will help increase exports and increase tax revenues to the country’s budget, and consequently, improve the standard of living of the population of Tanzania.
All those present at the conference were able to get acquainted with the presentation: representatives of government, business and public organizations.
All participants, including ministries and the business community, highly appreciated the need for this project in the territory in Tanzania. In the format of B2B meetings, the parties decided to develop a roadmap and deadlines for the project implementation.
“We are interested in the presented project, as the biggest challenge to Tanzanian agriculture today is the issue of crop conservation,” said Ana Manganino, a representative of the Ministry of Agriculture. ” Despite the fact that the agricultural sector has shown steady growth in recent years, we face a number of issues that require partnership work. The freeze-drying technology offered by our Russian colleagues solves many issues-from energy saving to waste recycling.”
A new chapter in international cooperation
The visit of the Russian delegation to Tanzania will be marked by the signing of agreements and memoranda of cooperation between Russian and Tanzanian companies in various fields.
“We thank our Tanzanian colleagues for the warm welcome and cordiality,” said Yuri Korobov, Head of the Tver Regional Department of Business Russia. I am glad that our partnership relations are getting stronger every day, and new joint goals and interests are emerging. I am sure that the project that interests Tanzania will soon bring excellent results.”