Thursday, June 2, 2016

FDIs pour in as economic diplomacy pays off

ALVAR MWAKYUSA in Dodoma
TANZANIA has continued to lead other countries in the East African region in attracting Foreign Direct Investments (FDIs) due to, among others, economic diplomacy it has been pursuing with foreign countries.

“Our economy has been growing steadily at 7 per cent over the recent years and our reputation globally is remarkable that is why we have been able to attract more FDIs compared to other countries in the region,” the Minister for Foreign Affairs, East Africa and Regional Cooperation, Dr Augustine Mahiga, stated.
Dr Mahiga made the remarks on Tuesday evening when winding-up budget estimates for the ministry for the financial year 2016/2017 which were unanimously approved by the august House after a heated debate.
The veteran diplomat cited the Dangote Cement factory in Mtwara Region as among fruits the country has reaped from the economic diplomacy.
“As you are all aware President John Magufuli has been advocating for industrialisation as a tool for boosting the economy and hence my ministry will now be focusing on ‘economic diplomacy for industries,” Dr Mahiga remarked. He noted further that the ministry will in near future form a department to deal exclusively with economic diplomacy and intelligence.
The minister elaborated further that he had been directed by President Magufuli to reduce the number of personnel at the ministry and post them to Tanzanian embassies abroad to woo investors and tourists.
“It should, however, be noted that it will not be a matter of posting them abroad but we will look at competencies of respective officers. These officers should have the capacity to negotiate, lobby and convince investors in various capacities,” he stressed.
Meanwhile, Dr Mahiga said the ministry was currently profiling Tanzanians living in the Diaspora to mobilise them to contribute in the national economy. “Most of these people in the Diaspora are very innovative and thus very useful for our country.
We have professionals, entrepreneurs and students out there. “We are not focusing on these people but we also want to know all Tanzanians in foreign countries including those jailed in those countries as well as those who left the country illegally as stow-a-ways,” he noted.
Earlier, the Minister of State in the Vice-President’s Office (Union Affairs and Environment), Mr January Makamba, said the outstanding performance by President Magufuli has enabled the country to strike a number of opportunities for investments.
“It is on this backdrop that China has chosen four countries in Africa namely Tanzania, South Africa, Ethiopia and Kenya to set up mega industries,” he explained.
A number of MPs who contributed in the budget estimates including Shamsi Vuai Nahodha (Kijitoupele - CCM) and Susan Lyimo (Special Seats -Chadema), pressed the government to improve learning and teaching environment at the Kurasini-based Centre for Foreign Relations which they said was in poor state

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