In fact, the two are ranked among the fastest-growing economies in Africa. The African Development Bank forecast the two countries will be among the top 20 world's fastest growing economies in the world in 2024.
"Tanzania is Rwanda's second largest trading partner. The potential to be first exists. We are going to work on it," the minister said in a long Twitter post, after concluding his three-day visit to Rwanda - a tour in which he made several commitments on behalf of Tanzania. Dar Es Salaam port processed 1.4 million metric tons of cargo and 63,000 containers last year. Rwanda is the third largest user of the port with more than 80 per cent of the country's cargo passing through the port.
Rwanda would have a fair advantage if it can tap into Isaka port. The development of the assigned pieces of land would enable Rwanda to offset the hefty costs that logistic companies spend on transporting their goods from the port of Dar Es Salaam to Rwanda. For instance, the Minister said, Rwanda gets a significant share of cereals from Tanzania."We've decided to regularise this market. Rwanda has invested in a dairy factory in Mwanza, where farmers will get a lucrative market for milk. We have ensured the success of this venture."
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