Thu 21 Apr 8:46PM
Invest in Tanzania, envoy urges British businesses
Wednesday, 20 April 2011 09:34
By Freddy Macha, The Citizen Correspondent
London. Investors from Britain have been urged to invest in Tanzania’s infrastructure development and other areas of the economy to help propel the country forward.
Tanzania’s high commissioner to the UK Peter Kallaghe said at a recent UK- Tanzania business dinner in London that after 50 years of independence doing business in the country is still difficult due to lack of good roads and inefficient electricity. The country has a total of 88,200 kilometers of highways but only about 4,000 kilometers paved.
“Tanzania’s huge size calls for further investment in infrastructure. In Dar es Salaam, for example the roads are frustrating because of congestion. The city needs at least three to four lanes to smoothen up travel,” he said at the event organised by the UK-Tanzania business group.
Mr Kallaghe said there is power load shedding in Tanzania currently because the generation of 630MW cannot meet the peak demand of 833MW.
“ Reliance on hydro-electricity need to be looked at and change,” he added.
Mr Kallaghe who was transfered from Canada last year, described London as intensive and dynamic due to its good infrastructure and high business potential, and said given adeqaute investment in infrastructure Dar es Salaam and Tanzania, in general can have similar kind of vibrancy.
“We are at a fine tuning stage where the system of private economy is now settled and therefore, irreversible,” he explained.
In a brief speech the envoy described the evolution of Tanzanian leadership in the last 50 years. Mwalimu Nyerere laid the foundations of socialist economy that produced a stable country. This prepared the stage for free trade introduced by his successor Ali Hassan Mwinyi.
Presidents who came after Mr Mwinyi had to make sure reforms were implemented and workable. President Benjamin Mkapa, who came after Mr Mwinyi had to put things together and now it is the “fine tuning” stage under President Jakaya Kikwete.
The UK Tanzania Business group which was set up in 1988 consists mainly of Tanzanian professionals and business people resident in the United Kindom.
With over 100 members , the non-governmental, non-profutable organisation states in its recently launched website the need to promote and publicise Tanzania overseas.
It also undertakes a wide range of activities from communicating with decision makers and sharing best the needs for humanity.
Why would anyone want to invest in Tanzania when the government failed to protect British investors in the Silverdale Farm case.
Tanzania abuses British citizens !!!
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