President Uhuru Kenyatta with his Zimbabwe counterpart Robert Mugabe
(second left) and Hailemariam Dessalegn (left), the Ethiopian prime
minister, during the launch of negotiations for the Continental Free
Trade Area in South Africa last year. PHOTO | FILE
- DAILY NEWS Reporter
The forum dubbed the Tanzania
International Investment Forum For Investments (TIFI 2016) is set out to
be the largest gathering of international investors in Tanzania which
is expected to boost the country as a leading investment destination in
the region.
Co- organisers of the forum, Tanzania
Trade Development Authority (TanTrade) and the Tanzania Private Sector
Foundation said in a statement that already there is funding commitments
amounting to 1.0 billion US dollars out of possible 4.0 billion US
dollars in potential investments funding commitments.
“With confirmed funding commitments
amounting to US$1 billion and confirmed participation from global
investors and funding institutions in control of more than US$200
billion, the Tanzania International Investment Forum For Investments is
set out to be the largest gathering of international investors in
Tanzania,” the organisers said.
Confirmed participating companies
include Credit Suisse International, Africa Finance Corporation,
Nedbank, UK Climate Investments, Pembani-Remgro Infrastructure Fund,
Nedbank Corporate and Investment Banking, Intertoll Africa (Pty) Ltd,
Advance Consulting, Netherlands, Letsema Consulting & Advisory (Pty)
Ltd, Afriwise Consult, Development Bank of Southern Africa, Advanced
Finance & Investment Group (“AFIG Funds”), Centre for the Promotion
of Imports from developing countries – Netherlands, Others are CRDB BANK
PLC, ZHE Africa, East Africa Trade and Investment Hub, Kibo Mining Plc,
Rand Merchant Bank, Frontier Investment Management (FIM), German
International Cooperation (GiZ), Mkoba Private Equity Fund, Kibo Capital
Partners, CrossBoundary LLC, Metier Sustainable Private Equity, SME
Impact Fund, MasterCard, Public Investment Corporation -Africa’s largest
asset manager and many more The TIFI 2016 world class programme
comprises intimate highly-interactive sessions that give entrepreneurs,
investors and financiers the best platform to build relationships and
forge business-to-business and business-to-government partnerships.
The Forum will showcase specific
investment opportunities in key sectors including Agriculture &
Agro-processing, Tourism, Energy, Manufacturing, Infrastructure,
telecommunications & ICT, Mining, and Financial services; and is
expected to attract investors and participants at decision making level,
comprising local and foreign companies, heads of public institutions,
and other relevant stakeholders.
In addition, an exhibition is planned to
take place on the side-lines of the Forum to showcase selected export
products and display foreign exhibitors as well to market their
products. The Forum is expected to secure investment pledges and
commitments, joint venture partnerships between local and foreign
companies, financial arrangements, and export orders among a few of the
deliverables.
With networking support before, during
and after the event, TIFI 2016 is a MUST ATTEND EVENT “We welcome
investors throughout the world to participate in the TIFI 2016 and
explore the abundant opportunities available in Tanzania, where return
on investment is among the highest in Africa,” - Godfrey Simbeye,
Executive Director, Tanzania Private Sector Foundation said
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