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Tuesday, 02 October 2012

Tanzania remains gateway to EAC common market

The former Minister for East African Cooperation and the current Ambassador to Belgium, the Netherlands, Luxembourg and the European Union, Dr Diodorus Kamala, has said that Tanzania remains the Gateway to East African Community Common Market.
He pointed out that this was necessitated by leverages of the country's macroeconomic stability, strategic geographical location, the heart of East African Community transport network and hub of EAC Master Power Plan. Dr Kamala made these highlights in a paper he presented in London this week during celebrations to mark Tanzania's 50 years of Independence organized by Britain Tanzania Society and Tanzania Development Trust, held at the Royal Commonwealth Club.
He added, the fact that Kenya, a member of the EAC Common Market crosses the border to invest in Tanzania signifies the importance of the country in investment opportunities and favourable investment environment.

Source: All Africa