Egypt will be investing in Tanzania and the primary project will be constructing a meat processing unit apart from education, health, defense, security and agriculture.
Addressing to the press in Dar es Salaam jointly with Egyptian President El-Sisi, the Tanzanian President John Magufuli said the new mega-meat processing plant will bring big relief to the livestock keepers in the country as thereafter they can sell at better prices.
The country is currently one of the largest livestock population in Africa and if believed to the data of Ministry of Agriculture, Livestock and Fisheries, there are 13.5 million goats, 3.6 million sheep, 0.4 million pigs and 23.2 million chickens.
The Egyptian president has also promised with a good meat market for their product in Egypt.
Magufuli added both the countries have agreed to boost tourism too in the two countries through their national airlines.
Egypt attracts more than 10 million tourists every year and the figure for Tanzania is not even 2 million.
The two presidents also talked about the use of Nile River waters for the benefit of people in all ten member states of the Nile Basin and those include Kenya, Uganda, Rwanda, Burundi, Ethiopia, Eritrea, Sudan and Congo.
Earlier the Nile River Basin agreement was signed in 2010 that mention principles governing the use, management, development and conservative of the water resources of Nile River.
River Nile is a vital water and energy source for the ten countries.
Meanwhile, the Egyptian president also appreciated President John Magufuli’s efforts of fighting corruption.