Govt working towards investment facilitation law to lure investors

18Jan 2020
The Guardian
Govt working towards investment facilitation law to lure investors

THE government is working to come up with a ‘trade facilitation law’ so as to attract more investors in the country, the Minister of State in the Prime Minister’s Office, Investment Angela Kairuki has said.

Angela Kairuki

She made the remarks yesterday here when she visited some factories. Kairuki said that the new law will be friendly to investors facilitating them to operate smoothly for mutual benefits.

“We need potential investors from across the world to come and invest in Tanzania and establish industries to support the country’s industrialisation drive thus enable Tanzania attains its vision of becoming middle income country by 2025,”she said.

While at the Global packaging company, the minister promised to address various challenges facing the factory.

She said; “On our part as government, we promise to offer better investment incentives. We also promise to work on all challenges thwarting investment efforts.”

She also noted that the government has made it easy to acquire land for investments where district council planners have been directed to set aside at least ten per cent of land available for investment.

Minister Kairuki said that through putting massive investments will enable the country also decrease imports and accelerate economy growth.

Earlier, the company’s director Benoo Mwitumba said that the factory which commenced operations in 2017 is facing a number of challenges including high power bills.

He further requested the government to help the factory to work with the crops board in the country.

“We are also appealing for the government to support us to establish more factories in various parts in the country so as to serve more Tanzanians,” he said.

The minister also visited KEDS factory in Kibaha which produces washing powder and pampers as well as a Meat Processing factory in Soga.