Browsing: Pesident Samia Suluhu

As United Arab Emirates (UAE) places visa bans on 20 African countries, Tanzania president Samia strengthens ties with UAE. Photo/Pixwok

By agreeing to remove double taxation the countries also agree to remove barriers to bilateral investment and trade between one other. It is just as well because trade and investment between the two are growing.

Only recently the UAE renewable energy firm Masdar went into a deal with Tanzania to conduct several solar and wind power projects in the country.  Similarly, the Emirates also signed several trade financing agreements with a few countries in West Africa as the UAE makes its mark in global economic growth.

Qatar is only the latest of the United Arab Emirates that Tanzania is making trade and investment deals with. In February this year, Tanzania participated at the World Expo Dubai 2020 to promote its products and opportunities.

While in France, President Samia attended the One Ocean Summit in Brest. The three-day summit discusses ocean safety and actions against the threats to the ocean. Among other things, initiatives launched at the summit aim to protect the marine ecosystem and develop sustainable fisheries.

The initiatives seek to fight pollution particularly from plastics as well as to respond to the impacts of climate change and to advocate for improved governance of oceans.

This State Visit follows last year’s visit to Tanzania by French Minister for Foreign Trade and Economic Attractiveness, Franck Riester, who visited the East African economic hub in October  2021.

TotalEnergies CEO Patrick Pouyanne said that the memorandum of understanding will see the French firm produce Liquefied Petroleum Gas (LPG) and also deploy large-scale renewable energy technologies to identify areas of commercial investment.

Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa said in a speech ahead of the signing that the agreement would put the country on the path to first oil in 2025. She added that EACOP would create approximately 160,000 jobs during the project’s development.

The agreement dictates TotalEnergies will develop solar, wind, geothermal, and other renewable technology power projects in Uganda to add a combined installed electricity output capacity of 1 Gigawatt by 2030 to the current 1.2-Gigawatt production.