Dar es Salaam. Moroccan investors are set to
establish a fish processing factory in Tanzania.
“Some Moroccan investors have conducted a study and found
huge potential in fisheries. They intend to set up a giant fish processing
factory. Zanzibar and Union governments are striving to attract investors,”
said Zanzibar Finance minister Khalid Salum Mohamed.
He was speaking at a meeting on African Business Connect for
Economic Partnership here yesterday. Tanzania Investment Centre CEO Clifford
Tandari said Moroccans also eyed mining, transport, communications and
agroprocessing.
“Our king [Mohammed VI] has visited 30 African countries to
cement economic partnerships. We have signed economic agreements with Tanzania.
These are necessary for the growth of trade among African countries,” said the
Moroccan ambassador to Tanzania, Mr Abdillah Benr Yane.
“We are here to demonstrate that African countries cannot
fight poverty without increased trading among themselves. We want trade between
Tanzania and Morocco to increase rapidly.” The Bank of Africa, which sponsored
the event, said the forum aimed at consolidating economic cooperation on the
continent.
The bank operates in more than 20 African countries.
Industry, Trade and Investment minister Charles Mwijage
asked King Mohammed, during his tour of Tanzania, last October that Moroccan
investors were needed to unlock opportunities in various areas.
He cited agriculture as among sectors that needed huge
Moroccan investment.
Source: The Citizen
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