Samia: Stable investment environment here to stay

23Nov 2021
By Guardian Reporter
The Guardian
Samia: Stable investment environment here to stay

​​​​​​​PRESIDENT Samia Suluhu Hassan has assured investors that Tanzania has a stable business environment, urging them to come and invest in opportunities available in various sectors.

PRESIDENT Samia Suluhu Hassan.

The president gave this assurance yesterday here when officiating at the opening of a recently built five-star hotel, the multi-million-dollar Gran Melia which started operations in late 2019.

She said Tanzania has put in place improved investment policies that are friendly to investors, while uplifting the physical infrastructure of roads, railways, airports, seaports and lake ports for inventors to smoothly operate in any sector of their choice.

"That's why we're encouraging investors to come and invest in various sectors including the tourism and hospitality industry. Tanzania has all what is needed by investors to confidently invest," she stated.

She  described tourism as a vital sector to the country’s economy, as in 2019 the country received 1.5m tourists, generating more than $2.6bn dollars, implying upwards of 20 percent of total export earnings,  creating 1.6m direct and indirect jobs.

Launching the five star hotel continues to market Tanzania economically especially in the tourism sector, she asserted, underlining that its presence will market Tanzania’s tourism even more.

“We have witnessed how our national parks are doing well at the global level. All these investments help to boost tourism and the economy a large,” she affirmed.

Returning to the COVID-19 threat, President Samia said the government has received vaccines and it continues to encourage the public including incoming tourists to vaccinate, to be assured of considerable levels of immunity.

She urged potential foreign visitors to visit tourist attractions, expressing assurance that the country is safe for local people and incoming visitors.

“At first, the COVID-19 pandemic brought a number of challenges in various sectors including the tourism sector which witnessed a sharp decline in tourist arrivals,” she explained, noting that after the vaccination campaign started abroad and then locally things have changed.

Safety has been strengthened and tourists are welcomed to visit our attractions, and those coming as investors can initiate the projects they want, the president declared.

Dr Damas Ndumbaro, the Minister for Natural Resources and Tourism, said that from January to October this year collections in the tourism sector rose by 69 percent compared to the same period last year.

The increase in revenue collection was contributed by government efforts like encouraging people to vaccinate, improvement of air transport and revamped infrastructures in national parks, he explained.

President Samia had also issued 90.2bn/- to revive the tourism sector, to sort out bottlenecks arising from the impacts of the travel curbs and loss of income in tourism related businesses, he stated.

Ali Albwardy, chairman of Albwardy Investment firm operating the hotel, commended the government for overseeing a conducive environment attracting investors to initiate major projects.

He said the investment group operates 350 hotels in more than 40 countries around the world, adding that in the 40 countries the group has nine hotels altogether. In Tanzania, in association with local hotel groups, the group operates six flagship hotels and lodges in the Mainland and in Zanzibar.

The newly fangled five-floor hotel has 171 sleeping rooms of different grades, including a presidential suite and eight VIP suites, with the rest being regular rooms.

It sits on the ground of the once famous Saba Saba Hotel, constructed in 1978 to host delegates attending the Group of 77 global conference in 1979.