World news story

UKTI arranges fact finding visit to Tanzania

London Chamber of Commerce and Industry (LCCI) and Aberdeen & Grampian Chamber of Commerce (AGCC) explored investment opportunities.

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Press conference with LCCI and AGCC

AGCC and LCCI hold a press conference with Tanzanian media.

In March, the UK Trade and Investment (UKTI) Department at the British High Commission in Dar es Salaam hosted the London Chamber of Commerce and Industry (LCCI) and Aberdeen & Grampian Chamber of Commerce (AGCC) to explore future investment opportunities in Tanzania.The British High Commissioner to Tanzania, Ms Dianna Melrose welcomed the visit.

This was the fifth year running that the LCCI had visited Tanzania, bringing with them a number of companies from a range of sectors, including property advisory and asset management, product and packaging design and power protection and generator solutions.

The LCCI and AGCC mission participants had a range of objectives that included looking for local representatives, qualified distributors or agents and clients. Some researched the market for the first time while others built on existing contacts.

Ruma Deb, Senior International Business Executive at LCCI said: “Tanzania is important for many of the companies on the mission, with the country’s continued economic growth offering great opportunities for London businesses to come here.”

The city of Aberdeen, with its oil and gas connections, is recognised as a global hub for energy expertise and AGCC’s Africa Business Centre has developed trading links for over 40 years.

During their visit to Tanzania they met with the Ministry of Energy, Tanzanian Petroleum Development Corporation (TPDC), Statoil Tanzania, Ophir Energy, Weatherford Tanzania and a number of one to one meetings with businesses and consultants to discuss future investment opportunities.

Julien Massé, International Business Team Leader AGCC, said, “The pace of development within Tanzania is impressive and British companies are keen to consider opportunities in partnership with local companies. This is the fourth trade visit we are leading here and have always received a warm welcome.”

Published 28 March 2013