Tanzania, July 1 – Kenyan traders and investors are looking to expand into Tanzania as more than 50 business leaders from Africa, Europe and North America meet in Dar es Salaam to explore new trade and investment opportunities
The delegation is visiting Tanzania and Zanzibar to identify opportunities in sectors such as agriculture, manufacturing, pharmaceuticals, real estate and livestock
The programme also includes business matchmaking sessions, allowing investors to connect directly with local companies for potential partnerships and distribution deals
Tanzanian authorities are using the forum to market the country as a regional investment hub, highlighting recent reforms aimed at making it easier for foreign investors to set up businesses
Investors are also being introduced to incentives such as tax and duty exemptions on capital equipment, as well as opportunities within the country’s Special Economic Zones
Equity Bank Tanzania Limited Commercial Director Prosper Nambaya said the lender has built strong partnerships with key public sector institutions, including the Tanzania Investment and Special Economic Zones Authority (TISEZA), to create value for customers beyond traditional banking services
Nambaya said the roadshow is designed to give delegates a comprehensive understanding of Tanzania’s investment landscape
The programme includes engagements with the Tanzania Trade Development Authority (TanTrade) to provide insights into the country’s trade ecosystem and opportunities for expansion into regional and international markets
The trade mission comes as businesses across East Africa increasingly look beyond their home markets for growth
It is part of Equity Group’s regional drive to boost cross-border trade and investment under the African Continental Free Trade Area (AfCFTA), following similar investment missions to the Democratic Republic of Congo, Rwanda and Uganda
