Business

Frank-Walter Steinmeier, the president of Germany, is scheduled to arrive in Tanzania today.

On the 31st, discussions regarding the intended aim of the trip will start with the presidents of Tanzania, Samia Suluhu Hassan, and Germany. These talks are scheduled to occur at the Magogoni State House in Dar Es Salaam, the country’s capital.

Leading businesspeople and investors from both nations would be present at a business forum alongside the two heads of state.

The German president is scheduled to address a group of young Tanzanian businesspeople as well. He would then start his tour of the nation, stopping at a cement industry, a museum, and an elementary school.

Tanzania and Germany have had a close friendship for more than 60 years. Both nations work together to advance a number of areas, including trade and investment, gender equality, health, and more.

Data from the Tanzania Investment Center (TIC) and the Tanzania Revenue Authority (TRA) show that Tanzania exports $42.04 million worth of goods to Germany, mostly in the form of gemstones, tobacco, coffee, honey, and fish wax. Tanzania receives $237.43 million worth of German exports, mostly in the form of car and medical items.

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