The National Chamber of Commerce (TNCC) in Kigoma, Tanzania, has called upon traders in the region to prioritize integrity and fairness in their business transactions with the Democratic Republic of Congo (DRC). This appeal aims to strengthen trade relations between the two countries. According to Prosper Guga, Manager of TNCC in Kigoma, there have been complaints from DRC traders regarding trust issues with some Tanzanian traders.
Guga emphasized that trust and fairness are crucial for fostering long-term relationships and successful cross-border trade. He noted that the TNCC has entered into an agreement with the DRC Chamber of Commerce to promote trade and address challenges faced by traders from both nations. This partnership seeks to enhance cooperation and facilitate smoother trade interactions.
The TNCC is currently handling a case involving a DRC trader who claimed to have been defrauded of over 90 million Tanzanian shillings by a Kigoma-based trader in 2024. Following intervention by the TNCC, the accused trader has begun repaying the debt, with a recent payment of 20 million shillings. This incident highlights the importance of trust and accountability in cross-border trade.
Anne Shilwalwa Maombi, a DRC trader, shared her experience of being defrauded by a Kigoma-based trader. She had entrusted the trader with 90 million shillings in 2024 to act as their agent, but the funds were misused for personal gain rather than fulfilling their agreed-upon business arrangement. Maombi's case underscores the need for vigilance and integrity in business dealings.
The TNCC's efforts to promote integrity and fairness in trade are crucial for strengthening economic ties between Tanzania and the DRC. By fostering a culture of trust and accountability, traders from both countries can engage in mutually beneficial business activities. The TNCC's initiatives aim to create a conducive environment for cross-border trade to thrive.
The agreement between the TNCC and the DRC Chamber of Commerce is a significant step towards promoting trade and addressing challenges faced by traders. This collaboration is expected to enhance cooperation, facilitate trade, and promote economic growth between the two nations. By working together, traders and business leaders can build a stronger and more sustainable trade relationship.
In conclusion, the TNCC's emphasis on integrity and fairness in trade dealings is a positive move towards strengthening cross-border trade between Tanzania and the DRC. By prioritizing trust, accountability, and cooperation, traders from both countries can engage in successful and sustainable business activities that benefit their economies.
Key points
- The TNCC urges traders to prioritize integrity and fairness in business dealings with the DRC to strengthen bilateral trade relations.
