KENYA TANZANIA Kenya – bets on Uhuru, Magufuli ties to boost Tanzania exports 3 years ago Iwo Bulski Post Views: 874 Kenya is betting on the mending of ties between President Uhuru Kenyatta and his Tanzanian counterpart, John Magufuli, to reverse the falling exports to the neighbouring nation. Kenya’s High Commissioner to Tanzania Dan Kazungu reckons that talks between the two nations and recent visit of President Kenyatta to Tanzania look set to unlock barriers that had hampered trade between the two countries. Trade relations between the two countries had been souring over the years due to tariff and non-tariff barriers, hurting the flow of goods which dipped to a 10-year low in 2017. “What we needed was a reset button,” – Mr Kazungu told the Business Daily in an interview yesterday. – “That button was pressed when President Uhuru visited President Magufuli”. Mr Kenyatta visited Mr Magufuli in July before embarking on a diplomatic charm offensive in the quest to secure Kenya a seat at the UN Security Council. During the visit to President Magufuli’s rural home in Geita, northern Tanzania, Mr Kenyatta was offered the rare gift of two peacocks as a sign of the renewing of ties between the two neighbouring countries, which had been wracked by diplomatic and economic tensions. Before Mr Kenyatta’s visit, talks between the two countries had led to the elimination of 25 of the 37 tariff barriers by April. Kenya accounted for 15 of these tariff barriers while Tanzania’s share stood at 22. Negotiations to resolve the remaining 12 are ongoing although some can only be removed by changes in the law via the Finance Bill, which is under review by lawmakers. Official data show that Kenya exports to Tanzania dropped to the 10-year low of Sh28.5 billion in 2017, but reversing to Sh29.7 billion last year. Kenya sold good worth Sh42.7 billion to Tanzania in 2014. Imports from Tanzania to Kenya rose from Sh12.8 billion in 2016 to Sh17.8 billion last year, narrowing the trade gap between the two nations. This weekend, Tanzania will be hosting the Southern Africa Development Community (SADC) Heads of State summit on Saturday and Sunday, during which President Magufuli is set to take over as chairman of the community for the next one year. This could boost Kenya’s trade prospects with the SADC bloc, now that relations with Dar-es-Salaam have improved. Kenya and Tanzania belong to the East Africa common market, which allows for free movement of goods, people, labour, services and capital within six member countries. Source: businessdailyafrica.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: betting, East Africa common market, Kenia versus Tanzania Continue Reading Previous Kenya – mobile phones and football most popularityNext Kenya – SportPesa pulls plug on Kenyan sponsorship deals More Stories BETTING KENYA Kenyans spend over KSh 300b on bets, cigarettes and liquor yearly 19 hours ago Szarlot EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 2 days ago Szarlot BETTING KENYA Kenyan government orders all operators to close for election day 2 days ago Iwo Bulski BETTING KENYA The government should work with the betting industry 1 week ago Iwo Bulski KENYA ONLINE The influencers paid to push hashtags 1 week ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 2 weeks ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 2 weeks ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 2 weeks ago Samuel BETTING KENYA Tanzania joins Kenya, Uganda tax squeeze on gamblers’ winnings 2 weeks ago Iwo Bulski BETTING HOT NEWS KENYA BCLB clears 11 betting companies to receive operating licenses 3 weeks ago Samuel BETTING KENYA Sportpesa’s nine lives in regulatory onslaugh 3 weeks ago Samuel BETTING KENYA Kenya’s Gambling, Travel Sectors Top Target For Online Fraudsters 3 weeks ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.