L. Tanganyika zone investors` Forum
“The forum is a vivid example of the government’s efforts to create a conducive investment climate for investors in various parts of the country.”
First L. Tanganyika zone investors` forum Monday
By The guardian reporter
10th October 2011The Tanzania Investment Center (TIC), has urged investors to take advantage of the prevailing huge investment opportunities around Lake Tanganyika Zone.
The call comes barely a week before the high profile Lake Tanganyika Zone Investors’ Forum scheduled to take place in Rukwa Region kicks off on Monday.
President Jakaya Kikwete will inaugurate the forum.
The TIC Acting Director of Investment Promotion, Mathew Mnali, told journalists in Dar es Salaam at the weekend that the forum whose theme is ‘Promotion of Lake Tanganyika Zone Investment Potentials’ aims to encourage potential investors to look at opportunities within the three regions of Rukwa, Kigoma and Katavi in the zone.
“We encourage potential investors to attend the forum so that they could know what is on offer in Lake Tanganyika Zone,” he said.
Mnali explained that the zone enjoys an abundance of natural wealth, which offers tremendous investment opportunities comprising agriculture, mining, tourism, cross border trade, fishing and transport sectors.
There will be presentations on various topical issues on investment opportunities around Lake Tanganyika Zone, group discussions and an exhibition aimed to offer valuable information to participants.
According to Mnali, the forum is a vivid example of the government’s efforts to create a conducive investment climate for investors in various parts of the country.
On its part, TIC has revised its corporate strategic objectives with a view of creating a strong domestic investment base.
For example, one of the objectives focuses on raising profile and image of Tanzania as the best investment destination in the region and increasing investors in key sectors such as power generation.
TIC also looks at maximising benefits of new businesses to the economy where there will be more dialogue between local and foreign investors on possible joint ventures.
Another objective is to ensure competitive business investment by encouraging good governance, efficiency, fight bureaucracy and red tapes on work permit issuance.
Also, TIC wants to promote the establishment of a Tanzanians middle class who will actively participate in the building of the nation.
SOURCE: THE GUARDIAN