Hassan’s trip is her first official visit the southern African nation since becoming president of Tanzania following the death of her predecessor John Magufuli in 2021.
"We have agreed to enhance our cooperation in the areas of trade and investment considering that South Africa is among the main sources of direct foreign investment in Tanzania," said Hassan. She added that tourism and manufacturing are the leading sectors for investment.
Ramaphosa said trade volumes between Tanzania and South Africa continued to increase but could be improved further.
"A key aspect of our bilateral cooperation is the promotion of trade and investment between our two countries," said Ramaphosa. "President Hassan and I will be joining the South Africa-Tanzania Business Forum later today, which brings together business people from our respective countries, he added.
Ramaphosa said among the industries under discussion at the business forum are agriculture and agro-processing, oil and gas, mining and infrastructure development.
Among global challenges, the leaders noted the effect of the Russian invasion of Ukraine on African nations, including the interruption of the supply of agriculture-related products such as fertilizers which have exacerbated the continent's food security situation problems.
Hassan is set to host U.S. Vice President Kamala Harris when she visits Africa at the end of March as the U.S. continues its outreach to African countries.
