Business

Uganda, Tanzania Plan First Ever Business Summit

Preparations are underway for the first ever two-day Uganda-Tanzania Business Forum starting on September 4, 2019.

The private-sector led event seeks to discuss trade and investment opportunities between Uganda and Tanzania in order to facilitate trade between the two countries.

The event will take place at the Julius Nyerere International Convention Centre, in Dar-es- Salaam – Tanzania under the theme “Promoting bilateral trade and investment for growth and sustainable development”.

The Forum is organized by the Uganda High Commission in Dar es Salaam in partnership with Private Sector Foundation Uganda (PSFU) and the Tanzania Private Sector Foundation (TPSF).

Uganda’s envoy to Tanzania, Richard Kabonero told ChimpReports on Wednesday morning the primary objective of this Business Forum is to “provide a platform to the business communities from Uganda and Tanzania to share experiences and establish networks.”

He further said the meeting will enable business persons to “identify opportunities and challenges of on-going trade and investment, and showcase their products and services at an exhibition.”

Uganda’s exports to Tanzania was US$49.8 Million during 2017, according to the United Nations COMTRADE database on international trade.

They include Mineral fuels, oils, distillation products, cereals, Pharmaceutical products, Iron and steel, Paper and paperboard, articles of pulp and paper.

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Others Dairy products, eggs, honey, edible products, plastics, animal, vegetable fats and oils, plastics, perfumes, cosmetics and toiletries.

The Ministry of Foreign Affairs on Tuesday held its third Inter Ministerial Preparatory Meeting in Kampala.

It was co- chaired by the Acting Head of the Regional Economic Cooperation Department, Mr Michael Wamai and Dr. Aziz Ponary Mlima, High Commissioner of Tanzania to Uganda.

L-R: H.E. Dr. Aziz Ponary MLIMA, High Commissioner of the United Republic of Tanzania to Uganda, Mr. Michael WAMAI , Ag. Head of the Regional Economic Co-operation Department Ministry of Foreign Affairs in Kampala on Tuesday

It was revealed that participants from the private sector in Uganda and Tanzania will be drawn from several strategic sectors of agriculture,  mining, tourism,  oil and gas, manufacturing,  health,  education, agro processing to mention but a few.

EABC

Ambassador Mlima informed the Meeting that preparations in Dar es Salaam are being led by the Tanzanian Private Sector Foundation (TPSF) which is the focal point for the East African Business Council.

Its members are business associations, corporate companies, multinationals, SMES and startups organized under different sector boards and working groups reflective of the various sectors of the economy.

TPSF provides a platform for the private sector to engage in Public-Private Dialogue (PPD) at the local, national and international levels.

The Foundation opens potential markets for its members through business forums and participation in local and international trade fairs, as well as offering programs to build the capacity of members to become competitive.

The High Commissioner informed that Tanzania remains a globally competitive destination for investment and doing business. This business Forum, he noted, aimed at promoting Economic growth and sustainable development for both Tanzania and Uganda.

The Forum will bring together approximately 400 participants including: business community from Uganda and Tanzania; senior government officials; policy makers; and political leaders; analysts/economists/legal experts/professionals, international organizations, multinational agencies and development partners, leading local and regional media houses.

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