KEY POINTS
- Tanzania aims to boost trade with Nigeria and West Africa.
- Tanzanian products showcased include coffee, tea, and leather goods.
- The High Commission promotes Tanzania’s investment-friendly sectors.
The Tanzania High Commission in Nigeria has reaffirmed the country’s commitment to strengthening trade and bilateral ties with Nigeria and other West African nations. This announcement follows Tanzania’s active participation in the recent Lagos International Trade Fair, held at Tafawa Balewa Square and concluding on November 10.
Tanzania showcases products at Lagos International Trade Fair
In a statement, Tanzania’s Acting High Commissioner to Nigeria, Judica Nagunwa, emphasized that the country’s participation in the Lagos fair aligns with its economic diplomacy goals. Represented by Economic Affairs Officer Edna Sylvester, Nagunwa highlighted Tanzania’s interest in promoting economic cooperation across Africa. “As part of our economic diplomacy efforts, we participate in international trade fairs to showcase Tanzanian products,” Nagunwa stated.
The High Commission presented a diverse range of Tanzanian goods, including coffee, tea, spices, wine, and leather products, aiming to connect with Nigerian importers interested in sourcing these items. This initiative, according to Nagunwa, supports the African Continental Free Trade Area (AfCFTA) Protocols, which encourage African nations to increase intra-African trade.
High Commission promotes Tanzania’s investment and tourism opportunities
According to a report by The Punch, Nagunwa further explained that the High Commission seeks to educate Nigerian businesses and investors on Tanzania’s expanding investment sectors and tourism attractions. “We are here to answer questions and provide information about investment prospects, tourism, and visa applications for those interested in visiting Tanzania,” she said.
She also emphasized the potential benefits of cross-continental collaboration, particularly in tourism and investment, which can foster economic growth for both nations. The High Commission aims to ensure that Nigerian investors understand Tanzania’s appeal and the opportunities available across various sectors.
Tanzania offers investors a gateway to East and Central Africa
The High Commission describes Tanzania as an ideal hub for investors, especially for those seeking to access markets in East and Central Africa. With a strategic location along the Indian Ocean, Tanzania serves as a gateway to multiple landlocked countries in the region. According to the commission, Tanzania’s business-friendly legal environment supports sectors such as mining, agriculture, tourism, real estate, manufacturing, and the blue economy.
“We invite Nigerian investors to explore these opportunities,” Nagunwa added. “Tanzania’s location and investment-friendly policies make it a prime destination for businesses aiming to expand into East Africa.”
