Egypt
Egypt-Tanzania Trade Relations
As of 2023, the total trade volume between Egypt and Tanzania is approximately US$ 78 million. Egyptian investments in Tanzania have reached around US$ 900 million, encompassing various sectors such as agriculture, construction, and energy.
Historical Relations
Egypt and Tanzania have shared diplomatic ties since Tanzania’s independence in 1961, with significant moments marking their relationship. Notably, in 1964, Egyptian President Gamal Abdel Nasser supported the Zanzibar Revolution, strengthening political and cultural ties.
Over the years, these relations have evolved, particularly under Tanzanian President Samia Suluhu Hassan, who emphasized a more open foreign policy. High-level visits, such as that of Egyptian Prime Minister Mostafa Madbouly in May 2024, have reinforced this partnership, highlighting Tanzania’s strategic importance to Egypt in Africa【4】【5】.
Egypt-Tanzania Trade Relations
As of 2023, the total trade volume between Egypt and Tanzania is approximately US$ 78 million.
Egypt Exports to Tanzania
Egyptian exports to Tanzania are valued at about US$ 57.68 million, with key exports including machinery and electrical equipment (around US$ 11.10 million), pharmaceutical products (US$ 3.30 million), and sugars and sugar confectionery (US$ 15.34 million).
Tanzania Exports to Egypt
On the other hand, Tanzanian imports from Egypt are approximately US$ 54.42 million, with major imports including electrical equipment (US$ 8.79 million), fertilizers (US$ 3.11 million), and miscellaneous chemical products (US$ 4.99 million). This data reflects a growing trade relationship; however, both countries acknowledge that there is significant room for improvement【1】【2】【3】【4】.
Egyptian Investments in Tanzania
Egyptian investments in Tanzania have reached around US$ 900 million, encompassing various sectors such as agriculture, construction, and energy. Notable projects include the Julius Nyerere Hydropower Project (JNHPP) on the Rufiji River, constructed by Egyptian firms Arab Contractors and El-Sewedy Electric.
El Sewedy is also establishing a fertilizer plant in the El Sewedy Industrial Zone, which will enhance local agricultural productivity and create jobs【6】.
Additionally, plans are underway for a US$ 400 million industrial city by El Sewedy in the Coast Region, which aims to create over 50,000 jobs for Tanzanians.
Recent discussions have also included establishing a meat processing factory and a pharmaceutical factory in Tanzania to enhance local production capabilities【2】【3】【4】.
Recent Developments
The two nations are actively exploring new avenues for collaboration. Egypt has opened five new commercial offices in East Africa to facilitate trade, while recent visits by Egyptian trade missions have focused on sectors like Information and Communication Technology (ICT) and hospitality, aiming to forge partnerships with Tanzanian companies. Additionally, both countries are committed to enhancing cooperation in agriculture, healthcare, and infrastructure development to maximize their economic potential【3】【4】【5】.
Last Updated: 16th October 2024
Sources
- Daily News – Tanzania, Egypt aim to deepen financial ties.
- Trading Economics – Tanzania Imports from Egypt.
- Egypt Today – Egypt considers Tanzania one of its most important strategic partners.
- ICTC – Egyptians visit Tanzania to explore opportunities.
- Egypt-Tanzania Bilateral Cooperation.
- TanzaniaInvest – El Sewedy Industrial Zone Fertilizer Plant.
