THE London Stock Exchange (LSE) is set to play a pivotal role in enhancing trade relations between the UK and Tanzania, with its official delegation expected to hold an official visit to Tanzania in a near future.

This initiative aims to bring vital investments to the East African second largest economy and create avenues for Tanzanian companies to connect with global investors.

LSE is one of the world’s oldest and largest stock exchanges, serving as a global financial hub for capital raising, trading, and investment that was established in 1801, with the purpose of playing a crucial role in facilitating capital flows between companies, investors, and financial institutions.

The British High Commissioner to Tanzania, Marianne Young, expressed the remarks during her official visit at the IPP Media headquarters located in Mikocheni Industrial area, Dar es Salaam yesterday.

The envoy said there are promising and strategic partnerships being developed between the City of London and the Dar es Salaam Stock Exchange, with the goal of driving investment growth and fostering economic collaboration.

 “There are some very exciting partnerships between the City of London and the Dar es Salaam Stock Exchange aimed at boosting investments on both sides,” she said.

She added: "This initiative will support British investors in Tanzania while helping Tanzanian companies scale up their operations and access global finance."

She further outlined a target to increase UK-Tanzania trade by 100 million pounds in the next few years, with key sectors such as energy, hydropower, forestry, and telecoms identified for growth. 

The UK is also offering tariff- and duty-free access to British markets for Tanzanian exporters as part of a broader effort to support trade and investment in the country.

“We are delighted that Tanzania is a beneficiary of our development country trading scale, making the UK more accessible for Tanzanian exports,” she added.

The High Commissioner also acknowledged the vital role of Tanzania’s High Commissioner to the UK, Mbelwa Kariuki, in facilitating opportunities for Tanzanian exporters. This partnership reflects a shared ambition to create lasting trade and investment opportunities between the two nations.