Tanzania assures French companies of conducive investment environment

21Oct 2021
James Kandoya
Dar es Salaam
The Guardian
Tanzania assures French companies of conducive investment environment

​​​​​​​TANZANIA has assured French companies operating in the country that there conducive environment for investment , calling them to come and invest more.

Foreign Affairs and East Africa Cooperation minister Liberata Mulamula.

Speaking in Dar es Salaam after a forum that brought together sectorial ministers, business communities and investors from France yesterday, Foreign Affairs and East Africa Cooperation minister Liberata Mulamula said the government will continue to create good and friendlier environment including elimination of barriers facing them.

The ministers who attended  included Dr Damas Ndumbaro, the minister for Natural resources and Tourism, minister for Energy January Makamba and minister for Works and Transport Prof. Makame Mbarawa.

Others are Zanzibar’s minister for Economy and Investment Mudrick Soraga, minister for Industry and Trade Prof. Kitila Mkumbo, minister of State in the President’s Office, Investment Geoffrey Mwambe and the host minister Mulamula.

“The government intends to ensure that there is a good and friendlier business environment for all people who are interested in investing in the country, ”she said.

She said French businesspeople have good relations with Tanzanians and now they have interest to invest in the country.

According to her, the statistics show that a total of 7000 French tourists come to the country every month challenging stakeholders in the sectors to grab the opportunities available in the country.

For his part, the France minister for Foreign Trade and Economic Attractiveness Franck Riester said the government recognises efforts made by the Tanzania government to improve business investment which is also for his government.

“French government intends to further strengthen the bilateral collaboration with the Tanzania government as witnessed today (yesterday) we have launched direct flights from Paris to Zanzibar which had stopped since 1974,”he said.

Riester added that he will lure French business communities and investors about the opportunities available in Tanzania including energy, tourism, industries and transport   to come and invest for mutual benefits of the two countries.

The companies attended included CMA-CGM, Bolloré, Airbus, Thales, Lagardére, Total, the association of French business persons -Tanzania, Engie   and Maurel & Prom.

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