Back to the complete issue
Thursday, 11 January 2018

Egypt, Tanzania sign three MoUs

Egypt and Tanzania signed three cooperation agreements yesterday in tourism, agriculture, and diplomatic training, according to a Foreign Ministry statement. The MoUs were signed after a joint Egyptian-Tanzanian committee meeting, focused on bilateral relations, and a meeting between minister Sameh Shoukry and his Tanzanian counterpart, where discussions centered around boosting trade and economic relations, especially in the fields of energy, agriculture, and petrochemicals.

The Grand Ethiopian Renaissance Dam cast a long shadow over the talks, which come as part of Egypt building ties to East Africa amid tensions with Ethiopia and Sudan. Egypt appeared to be lobbying for Tanzania’s support, with Tanzanian Foreign Minister Augustine Mahiga saying during a joint press conference with Shoukry that his country understands that “the Nile is the lifeblood of Egypt,” according to Ahram Online.

In other regional news, the East African Community (EAC) will reportedly sign off on a decision that will merge it with trade blocs COMESA and SADC in 1Q2018, according to Al Borsa. President Abdel Fattah El Sisi has been pushing for the merger, which would allow for the establishment of an African freetrade zone that would see duties between member states reduced by more than 90% over a five-year period.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.