Latest news with #Egyptian-Tanzanian
Al-Ahram Weekly
20-03-2025
- Business
- Al-Ahram Weekly
FM Abdelatty inspects Egypt-built Julius Nyerere Dam in Tanzania - Foreign Affairs
Following presidential directives to prioritize its completion, Foreign Minister Badr Abdelatty visited the Julius Nyerere Hydropower Plant and Dam in Tanzania, which is being constructed by two Egyptian firms, according to a foreign ministry statement on Thursday. While touring the dam with Tanzanian and Egyptian officials and parliamentarians, Abdelatty hailed the project as a model for cooperation among Nile Basin nations and reiterated Egypt's commitment to regional development. The $2.9 billion dam, launched in 2017 and under construction since 2019, is being built by the state-owned Arab Contractors and privately owned Elsewedy Electric. It aims to address Tanzania's electricity shortage by supplying clean energy to over 60 million people. The statement announced that dam construction is 99.9 percent complete, and eight of the project's nine turbines are operational. Abdelatty arrived in Dar es Salaam on Wednesday, opening the Egyptian-Tanzanian Joint Business Forum and holding bilateral talks with his Tanzanian counterpart, Mahmoud Thabit Kombo. He expressed Egypt's interest in boosting cooperation with Tanzania in construction and hydroelectric power generation projects, offering full institutional support. The top Egyptian diplomat emphasized Egypt's commitment to strengthening economic and trade ties with African nations, highlighting Egypt's trade agreements, particularly with Common Market for Eastern and Southern Africa (COMESA) member states, and investment opportunities in the Suez Canal Economic Zone. Abdelatty encouraged Egyptian companies to increase their engagement across the continent, noting Egypt's manufacturing capabilities in sectors such as food production, industrial and chemical goods, and construction materials, aimed at meeting African needs. Follow us on: Facebook Instagram Whatsapp Short link:
Egypt Today
19-03-2025
- Business
- Egypt Today
FM Abdelatty meets Tanzanian Deputy PM, praises unique relations between two countries
CAIRO – 19 March 2025: Egypt's Minister of Foreign Affairs and Immigration Badr Abdelatty met on Wednesday with Tanzanian Deputy Prime Minister and Minister of Energy Dotto Biteko. Minister Abdel Abdelatty highlighted the unique nature of Egyptian-Tanzanian relations and the growing development they have witnessed, particularly in recent years since President Samia Suluhu Hassan's visit to Egypt in November 2021, which witnessed the signing of several contractual frameworks. Abdelatty stressed the importance the Egyptian leadership attaches to the completion of the Julius Nyerere Hydropower Plant and Dam, praising the Egyptian consortium responsible for implementing the project for its accomplishments in an unprecedented timeframe ahead of the project's imminent completion. The foreign minister praised the growing trade and investment between the two countries in recent years, highlighting the fact that he had accompanied a high-level delegation of businessmen from various sectors during the visit to explore opportunities to enhance trade and investment exchange between the two countries. Abdelatty emphasized the Egyptian government's commitment to strengthening and increasing the presence of Egyptian companies in the Tanzanian market, in addition to boosting bilateral cooperation with Tanzania, particularly in the field of energy, whether traditional, new, or renewable.
Middle East
19-03-2025
- Business
- Middle East
OPEN// FM inaugurates Egyptian-Tanzanian joint business forum
CAIRO/DAR ES SALAAM, March 19 (MENA) - Egyptian Minister of Foreign Affairs and Emigration Badr Abdelatty and Tanzanian Minister for Foreign Affairs and East African Cooperation Mahmoud Thabit Kombo inaugurated on Wednesday the Egyptian-Tanzanian joint business forum. A group of high-level Egyptian businessmen and a senior delegation in the different sectors of construction, building, chemical industries, agriculture, pharmaceutical, medical equipment and maritime transport took part in the event in addition to Tanzanian businessmen and representatives from the Investment Ministry and parliamentarians from both countries. Abdelatty asserted Egypt's keenness on promoting economic and trade cooperation with the African countries and encouraging the Egyptian companies to intensify their work at all the levels for boosting development in Africa and creating real partnerships on the basis of mutual interest. Abdelatty reviewed the Egyptian manufacturing potentials to meet the needs of the African countries in the different sectors including the food products, industrial and chemical goods, wood products and requirements of construction and building. He also reviewed the activities of the Egyptian companies in the field of construction and building of power grids in Africa especially in Tanzania. He asserted Egypt's great interest in boosting cooperation with Tanzania in the field of building dams and hydroelectric power generation with full support of all the Egyptian institutions. Abdelatty shed light on trade agreements linking Egypt with several countries especially the COMESA member states. He said that the Egyptian government is looking forward to cooperation with foreign companies to provide the necessary information on the investment opportunities available in Egypt and guarantee getting the companies to work in the Egyptian market to promote the role of the private sector. He also pointed out to the investment opportunities available in the SCZONE. (MENA) M H K/R G E
