Mauritius and Tanzania Forge Stronger Investment & Trade Bonds

Mauritius and Tanzania are poised to significantly enhance their economic and bilateral relations, underpinned by shared goals of economic growth, regional integration, and sustainable development. In a bid to strengthen institutional collaboration, Gilead Teri, the Executive Director of the Tanzania Investment Centre (TIC), recently met with senior officials from the Economic Development Board (EDB).

This crucial meeting provided a platform for both organisations to solidify their working relationship.

Their discussions not only revolved around capacity building and knowledge sharing but also signalled the dawn of a fresh wave of investment and trade between the two countries.

Mr Teri invited the EDB to organise a private sector delegation, led by a minister, to visit Tanzania in 2025.

Mauritius is frequently recognised as a financial hub and a gateway to Africa, showcasing a diverse economy that continually attracts significant foreign direct investment (FDI).

In contrast, Tanzania emerges as one of East Africa’s resource-rich nations, excelling as a major producer of various agricultural commodities while possessing substantial mining and gas deposits.

This wealth of resources has fueled the country’s sustained economic growth.

The Tanzania National Development Vision 2050 has unveiled numerous new opportunities for investment and collaboration.

The EDB asserted that, with its expanding infrastructure, resilient agricultural sector, and abundant natural resources, Tanzania is an attractive destination for Mauritian investors.

Vinay Guddye, Director of Financial Services at the EDB, stated, “Mauritius’ International Financial Centre (IFC) remains sturdy, shifting from an emphasis on accounting and advisory roles to becoming a critical decision-making hub for investments in Asia and Africa.

Additionally, Mauritius can play a key role in addressing the funding gap for infrastructure projects across the continent, estimated at about USD 300 billion, thereby unlocking Africa’s vast potential.”

As both nations prepare to deepen their collaboration, the outlook is promising to leverage their unique strengths for mutual advantage.

Source: Defi Media