Canada's Prime Minister Stephen Harper (R) shakes hands with Tanzania's President Jakaya Kikwete during a meeting on Parliament Hill in Ottawa October 4, 2012.
Credits: REUTERS/CHRIS WATTIE
OTTAWA - Canada has been the single largest investor in Tanzania since its markets opened in the 1990s and an agreement signed between the two countries Thursday guarantees that statistic won't change any time soon.
In Ottawa, on his first official visit as president, Jakaya Kikwete signed a Foreign Investment Promotion and Protection Agreement (FIPA) between Canada and Tanzania.
"I would like to encourage more investment from Canada because there are huge opportunities in themining area [and other sectors]," Kikwete said.
Canada's mining industry is among the largest in the world, and Kikwete lauded its presence in his country
for opening Tanzania's natural resource sector to the world.
Harper and Kikwete co-chaired the UN Commission on Information and Accountability for Women and
Children's Health last year. As an extension of that, the leaders on Thursday announced six new initiatives that are intended to help women and children's access to health care, promote greater accountability in government and in the management of the resource and extractive industries.
Kikwete said he is satisfied by the recommendations he and Harper made under that UN Commission and said that although more progress is needed, those recommendations have led to better lives for many women and children.