Egyptian Prime Minister Mostafa Madbouly has reaffirmed Cairo’s commitment to continuing its cooperation with Dodoma and other African capitals on Saturday, August 22, in Tanzania.
He was speaking at the inauguration of the Julius Nyerere Dam and hydroelectric power plant,
built by a consortium of the Egyptian Groups Arab Contractors and Elsewedy Electric, according to a statement from the Council of Ministers.
“This great Tanzanian dream, now a reality,” illustrates both Tanzania’s commitment and Egypt’s technical expertise, Madbouly stated. Completed after 42 months of construction, the complex
represented an investment of approximately $2.9 billion, or nearly €2.48 billion based on the European Central Bank’s reference rate of August 21, 2026. Its power plant has an installed capacity of 2,115 megawatts.
The Egyptian Prime Minister presented this project, described as one of the three largest dams in Africa, as a demonstration of the ability of national companies to manage complex infrastructure projects outside of Egypt.
He thanked Arab Contractors and Elsewedy Electric for this achievement, which is expected to boost Tanzanian electricity production and support the country’s development ambitions.
Cairo now hopes to transform this industrial success into a broader economic partnership.
Madbouly called for increased trade, the encouragement of cross-investment, and greater private sector participation.
The areas discussed include construction, roads, maritime transport, ports, logistics platforms, agriculture, land development, fishing, aquaculture, the pharmaceutical industry, medical supplies, electricity, and energy.
This new phase is also expected to build on President Abdel Fattah Al-Sisi’s visit to Dar es Salaam on July 18 and on meetings organised between business leaders from both countries.
The Egyptian government hopes to consolidate its companies’ market access in Tanzania and
replicate this cooperation model in other African countries.
Madbouly also commended Tanzania’s “positive and balanced” positions on several regional issues. In the sensitive context of the Nile waters sharing agreement, he expressed his hope that Dodoma would continue to promote dialogue and cooperation among the basin states, making economic partnership an additional lever for strengthening diplomatic ties between the two countries.
MK/AK/Sf/fss/as/APA