President Jakaya Kikwete
President Jakaya Kikwete

The Tanzanian delegation also comprises the Minister for Energy and Minerals, Prof. Sospeter Muhongo, and the Minister for Transport, Dr Harrison Mwakyembe.

President Jakaya Kikwete
President Jakaya Kikwete

President Kikwete is scheduled to speak mainly on Tanzanian economic initiatives and is likely to invite investors.

The president will also have a meeting with South African President Jacob Zuma on Thursday, according to the organisers? timetable. Prof Muhongo and Dr Mwakyembe will also speak at the meeting tomorrow.

They too will speak on the potential of economic investments in Tanzania, mainly on gas, oil and transportation. In addition to the 1,500 top business leaders from over 140 countries, more than 300 heads of state, heads of government and government members are also expected to participate.

The World Economic Forum has long been something of a coming-out party for emerging economies, with developing countries dispatching politicians and executives to the Swiss resort of Davos to drum up interest.

The theme of the highlyprestigious meeting will be ?The New Global Context,? which reflects the current period of profound political, economic, social and technological change.

It will advance over 50 forum-led initiatives aimed at transforming industry, business, regional and the global agenda, supported by a programme researched and prepared by experts from the Forum?s Network of Global Agenda Councils.

This year, the World Economic Forum will mark 25 years of change in Africa. Over the past decade and a half, Africa has demonstrated a remarkable economic turnaround, growing two to three percentage points faster than global GDP.

Regional growth is projected to remain stable above 5% this year buoyed by rising foreign direct investment flows, particularly into the natural resources sector; increased public investment in infrastructure; and, possibly, higher agricultural production.

A number of heads of state from Africa will be in Davos as well as most of the leaders from the ASEAN countries. In particular, most European countries will be represented by the prime minister, president or chancellor and will be accompanied by strong government delegations.

The key Latin American countries will also be represented at the highest level. China, the United States, Japan and Russia will send top-level delegations.

BY SOSTHENES MWITA, Tanzania Daily News

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