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Africa News Sat, 14 May 2022

Samia’s goody package to woo Ugandan businesses back to Tanzania

President Samia Suluhu is pushing for a return of Ugandan traders and investors to Tanzania with a host of incentives, including a reduction in tariffs, investment in transport along the Central Corridor and addressing trade barriers that have kept business away from the Dar es Salaam port.

President Samia, who was on a two-day state visit to Uganda this week, also sought to consolidate Tanzania’s newly acquired position as the region’s leading exporter to Kampala, taking over from Kenya.

Uganda’s imports from Tanzania were worth $743.68 million in 2020, the highest in years, and far more than any other regional country, but Samia is seeking more.

Speaking at a business summit of Ugandan and Tanzanian private sector, the Tanzanian leader said her administration was addressing key issues that have been impeding trade between the two countries, including tariff and non-tariff barriers (NTBs), bureaucracy and high transportation costs.

Uganda’s Private Sector Foundation Chairperson Elly Karuhanga said the barriers have cost money and many jobs.

“We want to use the Dar es Salaam port, but we are charged almost 10 times more than anyone else in the region,” Mr Karuhanga said.
Source: theeastafrican.co.ke