A gathering of Italian entrepreneurs in Tanzania was held from September 27-30, 2022, at the Italy-Tanzania Business and Investment Forum to showcase partnership and business opportunities for Italian companies in Tanzania.
About 800 companies, including a hundred Italian or local ones with 100% Italian ownership, took part in the Forum, which was held in Zanzibar and Dar es Salaam. Organized by the Italian Embassy in Dar es Salaam, ICE, the Italian and Tanzanian Foreign Ministries, Tanzania Investment Center and Zanzibar Investment Promotion Authority, the event was a useful time to explore collaborations and economic opportunities in the agribusiness (agricultural machinery, food processing machinery, cold chain and packaging), infrastructure and blue-economy sectors, according to a note from the Italian Ministry of Foreign Affairs.
"Tanzania is a politically stable country with growth rates of 7 percent and an economy open to investment. The government is strongly committed to promoting the nation's industrial development through infrastructure improvements and investment benefits," writes ICE. "With a population of 53.5 million, it is the largest country in East Africa and the East African Community (EAC) and is the natural trade gateway for the six landlocked nations that surround the country, as well as being endowed with a variety of natural and mineral resources. Italian exports to Tanzania include machinery.
The initiative was a follow-up to the Forum, held in Rome by the Embassy of the Republic of Tanzania last December. The aim is to encourage the start of further economic and trade collaborations between Italian and local companies in the key economic sectors for the country, but also to develop B2B and B2G bilateral meetings.
Italy's Ambassador to Tanzania, Marco Lombardi, during the closing day of the Forum, announced that in 2023 Tanzania will be included in the Luca Attanasio Initiative, which entails a trade association delegation in the sectors of the Tanzanian market with the greatest opportunities for Italian companies, organized and coordinated by Farnesina, in collaboration with ICE.
The next edition of the Italy-Tanzania Business and Investment Forum will be held in Milan in 2023.