International

Over 500 Tanzanian business owners are set to form trade ties with the United States

500 businesspeople are expected to communicate with American visitors who are in town as delegates.

This comes after the initial fact-checking mission that US delegates had planned a month earlier. Big firms in the US sent envoys to Tanzania to scout the business environment in order to look for economic potential there. The tale can be read here.

Actionable actions are being taken to materialize this economic relationship more than a month later. One of the various strategies employed by the lender to hasten the implementation of the Africa Recovery and Resilience Plan is the trade mission that was established by Equity Bank Tanzania between local businesspeople and the US trade mission (ARRP).

10 US business delegates are slated to engage with the local Tanzanian entrepreneurs, via organized panel discussions, one on one business networking sessions, and site visits to businesses in Dar es Salaam and Zanzibar. Mr. Zachy Mbenna, the Tanzania Private Sector Foundation (TPSF) Director of Policy, Advocacy and Membership Management, Outreach, and Capacity Building, during the trade mission launching ceremony, on Monday, stated;

Our interactions during this trade tour are essential because they will improve knowledge sharing and help us fulfill the demands of the local market and wider trends in consumer behavior.

He also suggested that agriculture, logistics, tourism, the MSME sector, and mining are some of the key industries that US delegates might explore here.

Burak Buyuksurac, a board member for the American Chamber of Commerce in Tanzania, expressed gratitude for Equity’s efforts in setting up the trade mission.

The board member stated, “We believe that this will result in the formation of greater economic prospects between Tanzania, Kenya, and the US.”

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