China’s official state-run press agency Xinhua recently reported that the construction of the coastal highway linking the towns of Malindi in Kenya to Bagamoyo in…
Tanzania is a strategic partner of Kenya in many areas, particularly trade, security (military), education, agriculture and energy.
On 7 July 2000, Tanzania and Kenya along with Uganda reestablished the East African Community (EAC), which has contributed significantly in improving trade and overall relations between both countries.
Kenya is among Tanzania’s main trading partner, representing 4.3% of all Tanzanian exports and 4.1% of all imports.
So far, about 529 Kenyan companies have set base in Tanzania and invested USD1.7b, creating more than 56,260 jobs for Tanzanians.
In October 2016, Tanzania’s President Magufuli met with Kenya’s President Kenyatta in Nairobi.
During the meeting, Tanzania and Kenya have agreed to cooperate for infrastructure development to benefit the economies of both countries.
The countries have agreed to start working on key infrastructure projects such as the road construction from Bagamoyo in Tanzania to Malindi in Kenya and another one from Isebania in Kenya to western Tanzania.
Furthermore, Magufuli and Kenyatta agreed to revive meetings under the Joint Cooperation Commission (JCC) to boost trade and investment between Kenya and Tanzania.
JCC was originally created by former Tanzanian President Ali Hassan Mwinyi and Kenyan President Daniel Moi in 1988 in order to deepen economic and political ties between the two East African nations.
However, the last time the two countries met within the framework of JCC was in September 2012 in Kenya.
Tanzania and Kenya have agreed to cooperate for infrastructure development to benefit the economies of both countries.
The Board of Directors of the African Development Bank approved on March 30th 2016, a USD 228 million loan to the Government of Kenya to…
The Tanzanian and Kenyan Governments have recently announced that construction works have started on the Kenya-Tanzania Power Interconnection project that aims at connecting the Eastern…