THE
Tanzania Investment Centre (TIC) registered 89 new major projects
valued at 1,057.37 Billion US Dollars (2.4tri/-) between January and
April, 2018, thanks to improved investment environment.
TIC Executive
Director, Geoffrey Mwambe told a news conference in Dar es Salaam,
yesterday, that the projects are expected to create 18,000 employment
opportunities in three years of their implementation.
According to him,
the country was on track towards realising the industrial economy dream,
as many of those projects were centred on investing in industries
followed by transport, construction sector, agriculture and real estate,
among others "We are glad that these investment projects will increase
employment opportunities and for the country to realise its ambitious
target of middle income economy, it has to create more employment
opportunities," he said.
The TIC boss
assured local and foreign investors of any assistance to facilitate
investment in the country, adding that the country's investment
environment was good due to robust and stable economy.
"Stability of economy, peace and business environment are factors that make Tanzania to attract big investors," he added.
According to him,
in promoting TIC's 'One Stop' Facilitation Centre department, the
investment centre has reduced long bureaucratic red-tape in the
country's investment climate and this has attracted and built confidence
to more investors.
The One-Stop
Facilitation Centre is made up of officials from various government
entities including Tanzania Revenue Authority (TRA), Business
Registration and Licensing Agency (BRELA), among others, whereby
investors have no need to knock at each office's door to obtain services
that are now under one roof of TIC.
According to new
growth projections presented by researchers at Harvard University's
Centre for International Development at (CID), the economic growth
projections are optimistic about Tanzania's new growth in East Africa
and the world in general.
The recent growth
projections placed Tanzania at position five in the world with super
economy growing at between 6.8 and 7.2 per cent. On average Tanzania's
economy is growing by 7 per cent annually.
According to Mr
Mwambe, initially, TIC had four zonal offices of Mwanza, Mbeya, Dodoma
and Kilimanjaro but already the centre had launched new offices in
Mtwara, Dar es Salaam and Kigoma and deployed staff to the new offices
since April 1.
He added that in
ensuring that they attract more investors, already Tanzania and The
Netherland have agreed to partner in various investment projects and
that in the next few days, TIC and Holland business community will sign a
Memorandum of Cooperation (MoC).
No comments :
Post a Comment