Tanzania and Egypt have reaffirmed their commitment to expanding trade, investment and industrial cooperation after the conclusion of Egyptian President Abdel Fattah El-Sisi's State Visit, during which the two countries signed a series of agreements aimed at strengthening economic ties.
President Samia Suluhu Hassan and President El-Sisi held bilateral talks before witnessing the signing and exchange of cooperation agreements, followed by the Tanzania–Egypt Business Forum that brought together senior government officials and private-sector leaders from both countries.
The forum focused on unlocking new investment opportunities in key sectors, including engineering, construction, pharmaceuticals, logistics, fertiliser production, food processing and financial services, as the two countries seek to deepen private-sector collaboration.
Addressing investors, President Samia said Tanzania remains committed to creating a conducive environment for investment, highlighting the country's strategic location, political stability and preferential access to regional and continental markets through the East African Community (EAC), the Southern African Development Community (SADC) and the African Continental Free Trade Area (AfCFTA).
She also pointed to the Julius Nyerere Hydropower Project, constructed by Egyptian companies, as a demonstration of the strong partnership between the two countries and encouraged more Egyptian firms to invest through the Tanzania Investment and Special Economic Zones Authority (TISEZA).
According to figures presented during the forum, Egyptian investors have registered 44 projects in Tanzania with a combined investment value of about USD1.4 billion, creating more than 4,400 jobs across various sectors of the economy.
The business forum culminated in the signing of several commercial agreements between Tanzanian and Egyptian companies, signalling growing investor confidence and opening new opportunities for technology transfer, industrial development and cross-border trade.
The State Visit also reinforced the long-standing diplomatic relationship between the two countries, with both leaders pledging to strengthen cooperation in infrastructure, manufacturing, agriculture, energy and other strategic sectors to support sustainable economic growth.
Analysts say the outcomes of the visit are expected to enhance Tanzania's efforts to attract foreign direct investment while positioning the country as a gateway for Egyptian businesses seeking access to regional and continental markets.
