TIC, UK group partner on research

DAILY NEWS Reporter

TANZANIA Investment Centre (TIC) has signed research partnership with Oxford Business Group (OBG) to collect data on original analysis of Tanzania’s investment and business environment for the 2017 country report.

OBG will examine how Tanzania’s stable headline growth buoyed by recent discoveries of natural gas and government efforts to accelerate industrialisation is expanding the scope for foreign investment in the country.
Speaking after witnessing the signing of a memorandum of understanding (MoU) between TIC and OBG, the Minister for Industry, Trade and Investment Mr Charles Mwijage said the government recognise the importance of creating attractive environment for foreign investors and keep them informed about the available opportunities for making right investment decisions.
“OBG is highly regarded as a provider of in-depth economic research,” he said, adding that, “I look forward to follow the work carried out by OBG experts and TIC hoping to see the opportunities for development highlighted in locations that we have, as yet, been unable to reach,” The 2017 Tanzania report will look into details on both the opportunities and challenges facing foreign investors in the East African Community’s economy.
OBG is a global publisher and consultancy producing annual investment and economic reports on more than 30 countries. Every business intelligence report is based on in-country research by experienced analysts. The TIC Executive Director Mr Clifford Tandari said OBG’s report will play a key part in providing readers farther afield with access to the latest news on Tanzania’s growth story.
“Whereas in the past, we have relied on forums and similar events to update investors on Tanzania’s emerging opportunities, OBG’s publication will act as a key channel for communicating data and analysis relating to the country’s economy in both hard copy, digital format and even video clips, enabling the world to see what our leaders have to say,” he said.
The OBG’s country director Ms Ivana Carapic said she was looking forward to working with the TIC’s team on what was undoubtedly set to be a milestone project.
“Despite starting from a low base, Tanzania is well placed in its bid to attain middle-income status by 2025, having outpaced its neighbours with strong and sustainable economic growth in recent years,” she said. She added, “TIC plays a pivotal