TANZANIANS have been encouraged to invest in small scale industries to reduce imports, boost income and foster industrialization drive.
The Minister of Industry and Trade, Mr
Charles Mwijage said yesterday after visiting the ongoing Economic
Empowerment Trust Funds Trade Fair at Mashujaa grounds in Dodoma, where
he said that the government is seeking to transform the country into
industrial economy come the year 2025.
The ongoing fair is organised by the
national Economic Empowerment Council (NEEC) as part of its efforts to
support the government to achieve its goals to turn the country into an
industrial hub in East Africa.
“This fair is specifically focused to
show Tanzanians that the government through its strong institutions is
providing services that develop small industries as an engine for
economic growth,” Mr Mwijage said.
He noted that for a long time majority
of Tanzanians have been involved in petty trading and hawking
activities, but now they have the mandate to change their perception and
focus more on investing on small industries which will curb
unemployment and generate more income to overcome poverty.
According to the minister, the
fair/exhibition is the right platform for them to educate the general
public about the cons and pros of the funds to ordinary citizens across
the country. He further said that through the ongoing fair, ordinary
people may have the opportunity of understanding the process of applying
loans and the technical knowhow of agricultural activities as well as
entrepreneurship.
Tanzania Social Action Fund (TASAF),
Investment Manager, Ms Tatu Mwaruka said that their institution provides
training on self reliance, serving culture and give out loans to
citizens that enable them to establish various projects through their
groups.
“For those who want to benefit from the
existing opportunities they should join groups so that they will be in a
better position to apply and get loans as a capital for establishing
income projects,” Ms Mwaruka noted She said that apart from these
services, they also perform rescue plan that enable poor households to
have food security and create conditions for entrepreneurial people with
school and clinic going children.
She insisted that no one can be rich
without being enabled, and that it is an opportunity for Tanzanians to
use existing funds to get an understanding of training and credit.
On his part, Chief Operation and
Marketing Officer from Presidential Trust Fund (PTF), David Maluila said
the fund provides loans to qualified youths from VETA college and other
institutions.
“The Institute also provides loans and
resources for specific groups with disability and women who have
entrepreneurship skills and knowledge” he said.
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