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| Tanzania and South Africa aimed at boosting market competition and ensuring consumer protection. |
The Competition Commission of Tanzania (FCC) has officially entered into a partnership agreement with the Competition Commission of South Africa (CCSA) aimed at strengthening the protection of fair competition and consumer interests in both countries.
The agreement was signed earlier this month in September during a five-day working visit by the FCC delegation to South Africa.
This agreement focuses on collaboration in various areas, including information exchange, institutional capacity building, conducting joint research, and coordinating the implementation of laws related to competition and consumer protection.
Acting Director General of the FCC, Khadija Ngasongwa, stated that this agreement will enhance the institution's ability to safeguard the interests of the public and also promote competitive markets across Africa.
She noted that this collaboration will create a better business environment by fostering innovation, increasing efficiency, and ensuring fairness for both traders and consumers.
"We recognize and appreciate the achievements of the Competition Commission of South Africa. Their experience in addressing complex issues of competition and consumer protection will be a vital tool for us as we improve our enforcement systems at home," Ngasongwa said.
Furthermore, she emphasized that this step is not merely an administrative agreement but a bridge connecting these two institutions, economies, and most importantly, their citizens in achieving a common goal of having fair and inclusive markets.
On her part, CCSA Commissioner Doris Tshepe promised close cooperation in implementing this agreement.
She said that exchanging expertise and working together will greatly assist in addressing new challenges arising in the competition and consumer protection sector across Africa.
"This agreement is a significant step in strengthening regional cooperation. It demonstrates the genuine commitment of our two countries to improve legal frameworks and ensure transparent and equitable markets that will protect the interests of both consumers and traders," said Ms. Tshepe.