Morocco Sign MOU with Tananzania Investment Centre
The Moroccan Center for Export
Promotion (Maroc Export) and the Tanzania Investment Center (TIC) signed a
Memorandum of Understanding for Cooperation during the 2nd Edition of African
Business Connect, held in Dar Es Salam on 5th April 2017.
“We have signed economic agreements with
Tanzania.
These are necessary for the growth of trade
among African countries,” said the Moroccan ambassador to Tanzania, Mr Abdillah
Benr Yane.
Organized by Maroc Export and BMCE
Bank of Africa to boost exchanges between public and private Moroccan-Tanzanian
actors, the event received more than 300 participants from both countries.
The inaugural session was graced
with the presence of a wide range of officials and representatives of various
organizations, including Pr. Adolf MKENDA, Permanent Secretary of the Ministry
of Trade and Investment of Tanzania, Mrs. Zahra MAAFIRI, General Manager of
Maroc Export, Mr. Godfrey SIMBEYE, Executive Director of Tanzania Private
Sector Foundation (TPSF), Mr. M’Fadel EL HALAISSI, Deputy CEO – BMCE Bank Of
Africa, Mr. Ammish OWUSU AMOAH, CEO Bank of Africa Tanzania (BOA), Mr. Mohammed
BENAYAD, General Secretary of Department of Foreign Trade, Ministry of Trade,
Industry, Investment, and Numeric Economy of Morocco, Minister Khalid Salum
Mohamed, Minister of Finance of Zanzibar, and H.E Mr. Abdelilah BENRYANE,
Ambassador of the Kingdom of Morocco.
The mission aims to leverage the
abundant business opportunities in Tanzania and shed light on the potential of
cooperation in such fields the electricity/renewable energies, import/export,
construction and real estate, transport, telecom, Finance, an official press
release explains. Clifford Tandari, Executive Director of TIC commented that
Moroccan investors also eyed mining and agroprocessing.
“Some Moroccan investors have conducted a
study and found huge potential in fisheries. They intend to set up a giant fish
processing factory [in Zanzibar],” Minister Salum added. In October 2016 King
Mohammed VI of Morocco visited Tanzania to sign 21 Memorandums of Understanding
(MoUs) for economic development in key sectors such as energy, mining, gas,
aviation, agriculture, and tourism, as part of Morocco’s aim to establish
relations of mutual benefit with African countries.
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