TZ and Sweden to strengthen trade and investment relations

Swedish Prime Minister Stefan Loefven and President Jakaya Kikwete of Tanzania

Swedish Prime Minister Stefan Loefven and President Jakaya Kikwete of Tanzania

Tanzania and Sweden are to strengthen bilateral trade cooperation between the two countries as Swenden’s business community and government officials pledged to President Jakaya Kikwete who was recently on a State Visit to the Scandinavian country , their will to invest in the East African nation.

Sweden Chamber of Commerce President and CEO Ylva Berg told President Kikwete at the World Trade Centre in Stockholm “We want to cooperate, to trade and invest in Tanzania especially in the energy sector.”

Sweden contributes $1billion annually directly to the U S President Barack Obama initiative, Power Africa, the programme targeting to increase access to electricity among households on the continent.

The programme is underway in Tanzania, Ethiopia, Ghana, Liberia, Kenya and Nigeria.

“We welcome Sweden companies that want to increase their investment in Tanzania,” President Kikwete told Swedish officials adding. “We need partners to promote the energy sector –we cannot do it all alone”.

According to a statement released Satuday by the Director of Presidential Communications, the President explained to top CEOs and Owners of large multinational companies there is serious energy demand in the country and the region as whole.

The statement said President Kikwete also met with Sweden’s Housing, City Development and Communications’ Minister Mehmet Kaplan and the two further discussed investment opportunities in Tanzania.

President Kikwete ended his state to Sweden at Karolinska Institute of Health, the institute has been working with Tanzania’s Muhimbili University of Health and Allied Science especially in HIV and Malaria research studies for over 20 years.