In the economic landscape between Tanzania and France, a noteworthy trend has emerged over the past five years with Tanzania’s agricultural exports, including shrimp. Exaud Kigahe, the Industry and Trade Deputy Minister, shed light on this development during the second French Tanzania business forum held in Dar es Salaam.

Strengthening Economic Ties

Against the backdrop of strengthening economic ties between Tanzania and France, Exaud Kigahe highlighted the substantial growth in Tanzania’s exports to France, averaging USD 25.122 million annually over the past five years. While various products contribute to this export portfolio, including coal, tobacco, and cotton, one standout performer is the seafood sector, particularly shrimp.

The trade dynamics between Tanzania and France depict a favorable scenario for French imports, with Tanzanian exports standing at an average of USD 25.1 million per year, while imports from France surged to USD 75.4 million annually. Among Tanzania’s exports to France, sea products take center stage, encompassing frozen fish, fish fillets, shrimps, prawns, and octopus, showcasing the burgeoning demand for Tanzanian seafood in the French market.

President Samia Suluhu Hassan’s Vision

President Samia Suluhu Hassan’s vision for Tanzania’s economic growth underscores the significance of international trade partnerships. Addressing the challenges facing investors and fostering an environment conducive to business and investment, President Samia’s initiatives pave the way for enhanced trade and investment opportunities, benefiting both nations.

Trade forums such as the 48th Dar es Salaam International Trade Fair provide a platform for bilateral engagement and collaboration between Tanzania and France. With over 500 foreign companies participating annually, including French enterprises, opportunities for showcasing advanced technologies and fostering business partnerships abound.

Driving Sustainable Development

The collaborative efforts between French and Tanzanian businesses extend beyond trade to address global challenges such as energy transition and urbanization. Philippe Labonne, the Africa committee chairman for the Mouvement des Entreprises de France (MEDEF), emphasizes the importance of this collaboration in developing sustainable solutions and enhancing economic resilience.

President Samia’s advocacy for clean cooking solutions highlights Tanzania’s commitment to sustainable development. With initiatives such as the African Development Fund’s USD 2 billion commitment to support clean cooking transition in low-income countries, Tanzania and France are poised to drive forward sustainable solutions that benefit both nations.

The Second French Tanzania Business Forum

As the second French Tanzania business forum unfolds, it signifies a pivotal moment in advancing the economic agenda of both nations. Through meaningful dialogue and exploration of new avenues, businesses from Tanzania and France have a unique opportunity to forge partnerships that drive sustainable growth and mutual prosperity.