World News

40 French companies plan production bases in Tanzania

Tanzania’s government has met with 40 French companies that plan to develop production bases in the country. The move aims to improve the balance of trade between the two countries.

The companies deal in, amongst others, energy, construction, aviation, infrastructure, finance, tourism and health.
The vice chairperson of the Africa committee of the largest employer federation in France, Mr Gerard Wolf said the delegation was here to share views meant to boost long-term partnership with their Tanzanian counterparts.
“We are here not only to boost business, but also train Tanzanians. This is our key focus,” said Mr Wolf.
“We think this time is now to bolster our relations on a win-win situation.

Ambassador of Tanzania to France Samwel Shelukindo said the visit paid by the delegation of 40 French companies in the country is a result of a successful tour of President Samia Suluhu Hassan of France in February this year.
While in France, the Head of State met with the French president Emmanuel Macron and business community, with boosting trade between the two countries topping the agenda of their meetings.

Source: Reuters

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