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US govt says luring businesses to invest in Tanzania

18th May 2012
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The US government has said it is doing all it can to encourage the country’s corporate entities to invest and export to African countries, particularly to Tanzania.

This was said yesterday by US Assistant Secretary for the African Affairs Bureau, Johnnie Carson, in a teleconferencing held at the country’s embassy in Dar es Salaam that the main drive for the assistance is to help African countries meet the Millennium Development Goals.

Carson, who was speaking to journalists across the continent on the US policy on African countries, said, besides, they encourage US businessmen to look at Africa as one market they can benefit from.

“We encourage US businesses to embark on this strategy because Africa has enormous resources that can help it to move from where it is if it embarks on massive investments,” he said.

The US believes that Africa has a significantly growing market in US because 18 to 19 percent of all imported products are sourced from the continent, he said. These include petroleum, minerals, agricultural produce and other products.
In terms of minerals from Africa, he said, the US doesn’t import many finished products, noting that most of them are from South Africa.

He said he believes that trade between the US and African countries will continue to grow substantially because of the new American government drive that its firms should increase investments in African countries.

Apart from encouraging US firms to invest in the continent, the US government will continue to work in partnership with African countries to support them build democracy, support health services, boost agricultural production, he said.

He said it is now time to focus on Africa because the continent’s economic potential is well known noting that in other areas, US will continue working with the governments on bilateral basis to improve good governance and help build judiciary systems.”

Speaking on the Green Revolution, he said, President Jakaya Mrisho Kikwete will join US President Barack Obama during the five-day G8 Summit to discuss issues relating to agriculture and food security.

While in the US President Kikwete and other Africa leaders will discuss different issues agricultural sector development and how the continent can have enough food for export to the world and security within their respective countries.

They have decided to focus on agricultural sector because although Africa has enough agricultural potential, absolutely the Green Revolution has not yet come to the continent.

Also while in the US, the African leaders will sign a memorandum of understanding with G8 countries for initiating major development projects in Africa countries.

At the teleconferencing meeting, Ambassador Carson addressed a wide range of topics on US engagement on the continent, including recent developments in Sudan and South Sudan, Guinea-Bissau, Mali and Nigeria.

SOURCE: THE GUARDIAN
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