Govt to continue improving business environment

By The guardian reporter

Executive Committee Chairman of Tanzania National Business Council (TNBC) and Chief Secretary, Ambassador Ombeni Sefu

 The government is determined to continue creating a conducive environment that would stimulate business and investments growth as a step towards increasing its revenues collection.

 

Executive Committee Chairman of Tanzania National Business Council (TNBC) and Chief Secretary, Ambassador Ombeni Sefue said the Fifth Phase Government under Dr John Magufuli is all out to ensure that government revenues are collected or paid by businessmen.

 

“We will continue improving business and investment environment by removing bottlenecks yet widening our tax base,” Ambassador Sefue was briefing journalists over the weekend on what transpired during President Magufuli’s meeting with members of Tanzania Private Sector Foundation (TPSF) held at State House in Dar es Salaam on Thursday.

 

He said President Magufuli assured the private sector that business and investment environment would be improved to encourage more investments so as to boost the government coffers.

 

“The government is working very closely with the private sector for the growth and betterment of the country,” said, warning that rules and regulations will not be compromised.

 

Expounding further about the meeting, Ambassador Sefue said President Magufuli told the business community that the fifth phase government has confidence in the private sector as the engine of economy.

 

“There is no doubt that businessmen are friends of the government since the two sectors (public and private) depends on each other,” he said, noting that the president wanted the private sector to be honest and pay taxes.

 

He said members of the private sector commended the president’s initiatives and promised full support in his endeavors towards bringing socio-economic development of the country.

 

Earlier, the TNBC Executive Secretary, Engineer Raymond Mbilinyi said it was the high time for regional and district business councils to ensure that the pace of improving business environment was doubled and stimulate growth to people.

 

“These business councils must work very hard and unleash business and investment opportunities which are of abundance,” Eng Mbilinyi said, adding TNBC has been well positioned to tackle the challenges.

 

According to the TNBC chief his council has of recent been promoting business and investment opportunities existing at border regions and if fully utilised they can change people’s lives.

 

“There are so many business and investment opportunities in our district councils such as tourism, agriculture, fishing and several others,” he explained. 

 

Speaking at the same occasion, the Executive Director of TPSF, Godfrey Simbeye said the meeting was fruitful for the private sector since President Magufuli pledged to work with the private sector.

 

“This is a good beginning and we are very optimistic and confident in President Magufuli who is now the Chairman of TNBC,”  Simbeye said, noting that TPSF and all its members rally support behind him.

 

He said few days since President Magufuli took office has won confidence locally and internationally.