All set for Tanzania, DRC Trade Forum 2016

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By Mnaku Mbani
Over 25 companies from Tanzania will be at the first Tanzania DR Congo Trade Forum to discuss growing trade, investment opportunities and collaboration between the two countries that will explore different opportunities to secure investment in the Tanzania - DR Congo economic corridor.
The forum which will take place on the 22nd September 2016 at FEC Conference hall in Lubumbashi is aimed at bringing together high level private sector operators from both Tanzania and Democratic Republic of Congo
DR Congo has been showing much interest in energy and mineral exploration from Tanzania oil and gas sector as the consultations began at the end of August 2016 in Dar es salaam between DRC’S ministry of Hydrocarbons and its Tanzania counterpart, in order to enable Kinshasa to export its oil through the proposed pipeline system from Hoima in Uganda to the Tanga port in Tanzania.
Apart from that, this annual Tanzania DR Congo Trade Forum comes after the growth in the economy of Democratic Republic of Congo in 2015 to 7.7%, as it has been reported by world bank, their performance is driven by robust extractive industries and related investments despite the global economic slowdown and the decline in the demand and price of minerals exported by DRC.
On keeping the strong relationship between these two countries, Tanzania DR Congo trade forum will acknowledge the benefits to invest in agri-business in both countries.
It shall also look into the significant potential for promoting the ease of doing business in order to create a conducive environment for entrepreneurs and attract investments in manufacturing industry and transportation services as trade is the backbone of every economy.
This forum under the theme “Strengthening bilateral Trade and Investment opportunities” will assemble over 100 key business players from Tanzania and DR Congo’s Private Sectors. It will also include key policy decision makers from both governments.
The Forum is organized together with The Embassy of the Republic of Tanzania in Democratic republic of Congo; Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA); Tanzania Trade Development Authority (TANTRADE), Federation des Entreprises du Congo (FEC), Tanzania Truck owners Association (TATOA) Tanzania Private Sector Foundation (TPSF) and 361 Degrees with The Forum Main sponsor being GSM group of Companies
Expected outcomes of the trade forum are therefore to strengthen bilateral ties and enhance trade relations between two countries, increased volume of exports between both countries and mproved conducive environment for trade between both countries
The first Tanzania DR Congo trade forum is hosted by High commissions Tanzania in DR Congo together with Embassy of DR Congo in Tanzania and sponsored by, GSM Group of Companies, Great Lakes Freight ltd and Usangu Logistic ltd.
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