President Samia’s diplomatic strategy of keeping and engaging friends in both the West and the East is mirroring William Ruto’s. Read: Tanzania’s radical shift under SamiaAdvertisementPresident Samia took the trip aiming to raise foreign direct investment into her country. “We have moved from registering $2 billion of FDI in 2020 to $5 billion in the year ending June 2023. Now, President Samia wants more, and she pitched investment promotion agencies in mainland Tanzania and Zanzibar, targeting at least $3 billion of FDI from India per year by 2025. Tanzania and India agreed to use their local currencies for direct transaction in trade, aiming to reduce the use of US dollars.

Source: Daily Nation October 14, 2023 16:12 UTC