Dar es Salaam, Tanzania, 28 August 2024: In a significant step towards enhancing Tanzania's trade infrastructure and economic competitiveness, the Government of Ireland, through its Embassy in Tanzania, has committed €2.4 million (TZS7.26billion) to support TradeMark Africa (TMA)’s programming initiatives aimed at strengthening trade and economic growth in Tanzania for the 2024/25 to 2025/26. The funding was formalised through the signing of a Memorandum of Understanding (MoU) by Ireland’s Ambassador to Tanzania, Ms Nicola Brennan, and TMA’s Country Director Tanzania, Mr Elibariki Shammy, marking a significant moment in the partnership between Ireland and TMA. The three-year agreement is designed to drive substantial improvements in Tanzania’s trade infrastructure, reduce trade barriers, and enhance business competitiveness. This funding will also be instrumental in advancing digital systems, improving market access, fostering inclusivity, particularly for women traders transitioning from informal to formal trade routes and greening trade - a new priority area to promote more sustainable trade and transport corridors through integrating climate action. At the signing ceremony, Ambassador Brennan expressed her optimism about the partnership's impact, stating, "Ireland is proud to partner with TradeMark Africa in this crucial initiative. By improving trade infrastructure and reducing barriers to trade, we can make a significant contribution to Tanzania's economic growth and the prosperity of its people. This funding reflects our shared commitment to fostering sustainable development and economic opportunities in Africa, while also strengthening the economic ties between our two nations.” The TMA Tanzania Country Programme aligns with TMA’s broader strategic objectives, addressing critical challenges...
Ireland Commits €2.4 Million through TradeMark Africa to Enhance Trade and Economic Growth in Tanzania
Posted on: August 28, 2024
Posted on: August 28, 2024