{"id":37364,"date":"2021-09-25T16:48:31","date_gmt":"2021-09-25T16:48:31","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=37364"},"modified":"2021-09-25T15:13:45","modified_gmt":"2021-09-25T15:13:45","slug":"samia-lures-us-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors","title":{"rendered":"Samia lures US investors"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>PRESIDENT Samia called on American members of the business council to increase their investments in Tanzania, since the latter has a market advantage to various regional blocs with a population of 1.3billion.<\/p>\n

Apart from being a member of the East African Community (EAC), Tanzania is also subscribing to the Southern African Development Community (SADC) and ratified the African Continental Free Trade Area (AfCFTA).<\/p>\n

Speaking during the US-Tanzania business council in New York, President Samia said the available statistics show that in 2019, Tanzania\u2019s import from the US totaled 241 million US dollars, while its exports were recorded at 46 million US dollars.<\/p>\n

The Tanzanian leader said US businesspeople have so far invested a total of 5.55 billion US dollars to Tanzania, while the investments from the East African nation to the world\u2019s economic giant stands at one million dollars.<\/p>\n

\u201cThe current trade volume between US and Tanzania is too low compared to the available opportunities,\u201d she said in part of the statement released by the Directorate of Presidential Communications.<\/p>\n

Meanwhile, President Samia held talks with the President of the European Union (EU) Council Charles Michel, who sought to get her opinion on the four priority areas that Europe is looking forward to working and cooperating with Tanzania and the entire Africa.<\/p>\n

The four areas include Covid-19, climate change, status of society in Mozambique and the digital revolution.<\/p>\n

Responding, President Samia thanked the EU for its continued support to Tanzania, expressing the efforts that the country has been taking to fight Covid-19 pandemic that has affected various sectors, including tourism.<\/p>\n

She also seized the opportunity to explain a number of initiatives to improve social service delivery, including construction of health facilities across the country.<\/p>\n

\u201cHowever, there is a challenge of accessibility of medical equipment,\u201d she said, asking the EU to consider supporting Tanzania on the matter.<\/p>\n

Commenting on President Samia\u2019s visit to US, an Economist-cum-Investment Banker Dr Hildebrand Shayo was of the view that the tour has come at an opportune time and such a visit will have huge economic benefits to Tanzania.<\/p>\n

He argued that her visit comes at the time when Tanzania is determined to strengthen her relationship with countries such as the USA that would bring a positive impact to help support Tanzania\u2019s efforts under her government in ensuring all opportunities are well captured for the benefit of Tanzanians.<\/p>\n

\u201cTo put things into perspective, USA investors have several projects in Tanzania and many Americans each year visit Tanzania as their favourite tourist\u2019s destination\u201d.<\/p>\n

\u201cThe multiplier effect created by President Samia\u2019s visit will help to open more avenues to investors and more tourists and their multiplier effects will be enormous to Tanzania,\u201d Dr Shayo said.<\/p>\n

He further said the USA and Tanzania need each other, an increased investment among US investors\u2019 business communities in Tanzania along with other developments will create important opportunities for Tanzania to develop.<\/p>\n

\u201cIt is time Tanzania and USA knock each other\u2019s door but it is important for Tanzania to be proactive by fully exploiting the USA\u2019s trade relationship, especially after signing of the AfCFTA,\u201d he said.<\/p>\n

President Samia also attended the high-level meeting to mark 20th anniversary of the adoption of the Durban Declaration that enhances global efforts for combatting and preventing racism, racial discrimination, xenophobia and related intolerance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. PRESIDENT Samia called on American members of the business council to increase their investments in Tanzania, since the latter has a market advantage to various regional blocs with a population of 1.3billion. Apart from being a member of the East African Community (EAC), Tanzania is also subscribing to the Southern African Development […]<\/p>\n","protected":false},"author":84,"featured_media":37363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[6990,6991,711],"class_list":["post-37364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nSamia lures US investors - Tanzania<\/title>\n<meta name=\"description\" content=\"PRESIDENT Samia called on American members of the business council to increase their investments in Tanzania, since the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samia lures US investors\" \/>\n<meta property=\"og:description\" content=\"PRESIDENT Samia called on American members of the business council to increase their investments in Tanzania, since the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-25T16:48:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/09\/img-614f3c8f9686c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"654\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Samia lures US investors\",\"datePublished\":\"2021-09-25T16:48:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors\"},\"wordCount\":556,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/09\/img-614f3c8f9686c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/samia-lures-us-investors\",\"name\":\"Samia lures US investors - 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