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President Kikwete: Kenya is Tanzania’s leading trade partner

Published on October 09, 2015

Kenya is Tanzania’s leading trade partner in East Africa. This is according to Tanzanian President Jakaya Mrisho Kikwete.

During his address to the joint Parliamentary sitting of the National Assembly and the Senate on Tuesday, Kikwete said figures put trade between East African countries at 80 to 90 per cent, with Kenyan investments hitting USD 1.6 billion in 518 projects.

The Tanzanian Head of State reaffirmed confidence in the ties between Kenya and Tanzania saying trade between the two countries has increased by 40 per cent in the last 5 years.

“Kenya is our largest trading partner with an investment of USD 1.65 billion. In that regard, Kenya is not a competition but a strategic partner,” said Kikwete. Read more. Source | Citizen Digital