Tanzania Investment Centre (TIC)
This emerged recently during a breakfast networking meeting between
Tanzania senior government officials, Chief Executive Officers (CEOs)
of Tanzania private sector and the CEOs of America's largest
corporations held in Washington DC recently.
The breakfast meeting which was organised by TIC in collaboration
with the DC Lobbying powerhouse Squire Patton Boggs was attended by more
than 75 CEO'S from US corporations including (Fortune 500 CEOs) and was
held on the sidelines of President Barack Obama’s US Africa Leaders
Summit.
During the meeting, Tanzania managed to present 35 projects which are part of the Big Results Now (BRN) initiative.
In addition, US companies engaged in construction, hospitality
agro-industries, manufacturing, chemical industries, and financial
services committed to sending follow up missions to Tanzania before the
end of this year to engage.
Speaking at the meeting, TIC Executive Director, Juliet Kairuki
underscored in detail the advantages of investing in Tanzania and the
value propositions it offers as the gateway to East Africa.
“TIC believes that engaging US Multinational Corporations and
convincing their leadership to increase their budget commitments towards
research and business development in Tanzania will contribute to
increased appetite on the part of US firms to invest or increase their
support towards US investors already in Tanzania,” she said.
“Through engaging discussions with our ministers and leadership
from other government owned entities, it is our hope that Tanzania will
receive more investments from the US which in turn will lead to greater
prosperity for the people of Tanzania through creation of new jobs,
greater tax revenues as well as skills and technology transfers. For
this reason, Tanzania is committed to ensuring that it creates and
maintains a conducive business climate with supportive economic policies
that attract investment from US investors,’’ added Kairuki.
Thanking the ministers and investors who were present at the
meeting, Ambassador of Tanzania to the United States, Liberata Mulamula
said Tanzania's favorable investment climate, especially the regionally
competitive fiscal regime, geographical location, economical and
political stability is ideal for US investors to venture in the country.
Tanzania continues to perform strongly against competitor countries
in East Africa. It is currently ranked among top ten most attractive
business locations in Africa as per RMB statistics of 2013.
United Nations Conference on Trade Development (Unctad) statistics
also reveal that in 2013, Tanzania attracted USD1.9bn in Foreign Direct
Investment (FDI) inflows, outstripping its neighbours, Uganda and Kenya,
which only received USD1.1bn and USD514m of inflows respectively for
the same period, making Tanzania the largest recipient of FDI in East
Africa.
SOURCE:
THE GUARDIAN
No comments :
Post a Comment