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John Magufuli's visit to Zimbabwe opens door for Tanzanian firms in S African country


Devdiscourse News Desk harare
Updated: 29-05-2019 16:01 IST
John Magufuli's visit to Zimbabwe opens door for Tanzanian firms in S African country

According to Zimbabwe’s Head of State, Tanzanian firms were already enjoying great success within Zimbabwe’s business environment. Image Credit: Twitter(@ADB_HQ)

President of Tanzania, John Magufuli is currently in Zimbabwe for a two-day official visit. He was welcomed at the Robert Gabriel Mugabe International Airport by his Zimbabwean counterpart Emmerson Mnangagwa, before inspecting a guard of honour.

Zimbabwe's President, Emmerson Mnangagwa has urged firms based in Zimbabwe and Tanzania to take up abundant business opportunities in both countries. This will enhance relations between both nations.

Emmerson Mnangagwa was speaking at a dinner at State House where Tanzania's Head of State, John Magufuli who is in Zimbabwe for two days. "Your visit has provided us with another opportunity to discuss ways to strengthen and deepen our relations. As we agreed during my state visit in June 2018, great emphasis must now be placed on economic and trade cooperation in order to improve the standards of living of our people," Mnangagwa said.

According to Zimbabwe's Head of State, Tanzanian firms were already enjoying great success within Zimbabwe's business environment. "It must also encourage mature investment by the private sectors in our country a such as Bakhresa holdings Investments, Blue Ribbon, SeedCo and Banc ABC from Tanzania. We continue to invite many more private players in our two countries to take advantage of the numerous investment opportunities open for them in our economy," he added, as reported by New Zimbabwe.

He sends calls for the Tanzanian businessmen to come and create base in Zimbabwe despite the fact that the South African country is grappling with crippling fuel and power shortage.

Also Read: Chinese footfalls surged after Touchroad International's MoU with Tanzania, Zimbabwe

COUNTRY : Zimbabwe

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