Egypt’s ambassador to Tanzania, Sherif Ismail, inaugurated the Egypt-Tanzania Business Forum, marking the launch of an Egyptian trade delegation aimed at expanding economic cooperation between the two nations.
The event, organized by Egypt’s export councils for chemical industries, fertilizers, and building materials, provided a platform for enhancing trade and investment opportunities. Ambassador Ismail emphasized the importance of fostering stronger economic ties, highlighting the complementary strengths of both countries in sustainable development. He reaffirmed Egypt’s commitment to supporting investment and trade partnerships through collaboration between public and private sectors.
Mohamed Attaya, head of the Egyptian Commercial Service office in Tanzania, noted that 23 Egyptian companies from key industries, including chemicals, fertilizers, and agriculture, were engaging with local markets and factory visits to explore business opportunities. He acknowledged that the lack of a free trade agreement between the two nations remains a challenge but expressed optimism about future trade facilitation under the African Continental Free Trade Agreement (AfCFTA).
Latifa Khamis, Director General of TANTRADE, highlighted the forum’s role in fostering partnerships, particularly in agriculture, fertilizers, and chemicals. She encouraged Tanzanian businesses to seize investment opportunities with Egypt, which had been recognized as a key participant in last year’s Sabasaba Trade Fair.
Mohamed Mageed, representing Egypt’s Chemicals and Fertilizers Export Council, reaffirmed Egypt’s commitment to strengthening trade ties, emphasizing prospects in industrial chemicals, steel, agriculture, and plastics. He underscored the importance of expanding cooperation beyond imports to include technology transfer and local production.
Tanzanian businesses welcomed the forum as an avenue to explore new trade opportunities and potential manufacturing collaborations. Ahmed Abdel Fattah, executive director of Egypt’s Export Council for Building Materials, urged participants to leverage the event to maximize investment prospects and deepen economic partnerships.