Dar es Salaam. Tanzania and Mozambique are planning to engage in new investment joint ventures as they seek to unlock their countries’ opportunities in agriculture, natural gas and the blue economy.
The Permanent Secretary of the Tanzanian Ministry of Foreign Affairs and East Africa Society, Joseph Sokoine, said yesterday that the two countries intended to discuss and agree on various opportunities found in the countries. respective ones and strengthen their partnerships.
“Over the past few years, we have collaborated on various issues. But now we want to stimulate the economy and strengthen partnerships in agriculture, natural gas and the blue economy, because Mozambique is doing well in these sectors. “, did he declare.
He made the remarks during the 15th Joint Permanent Commission on Cooperation (JPCC) between Tanzania and Mozambique, where officials from both countries assessed the progress of their 14th JPC meeting held in 2006.
“Since we met 16 years ago, a lot has changed. So we met today to explore new opportunities and assess the things we did well and the things we didn’t do,” he said.
Mr. Sokoine pointed out that after the meeting, the two countries intend to conclude a new agreement of which they will sign the memorandum of understanding (MoU) in the future.
Over the past 16 years, their cooperation has borne fruit in the areas of education and transportation.
He however noted that the 720 meter long Unity Bridge linking the two to the Ruvuma River has yet to yield the predicted economic opportunities for the people of the two countries.
“Thus we will see how we can reduce the non-tariff barriers so that the bridge is beneficial and improves the livelihoods of the respective countries,” he said.
Deputy director for Africa and the Middle East at Mozambique’s Ministry of Foreign Affairs and Societies, Ambassador Hermenegildo Caetano, said tapping into new investment opportunities could potentially boost the economies of both countries.