Tanzania calls for more foreign investment

26Apr 2019
The Guardian Reporter
The Guardian
Tanzania calls for more foreign investment

PRIME Minister Kassim Majaliwa yesterday called  upon investors from across the world, saying the country has created enabling investment environment for them to chip-in and invest in the East African nation.

PRIME Minister Kassim Majaliwa.

Majaliwa made the call in the country’s capital, when he held talks with ambassadors from Kuwait and Kenya.

He insisted that the room is open for investors who want to invest in different sectors.

“The fifth phase government is committed towards developing an industrial- based economy, therefore we will be very happy to have investors from Kenya because your country started to involve itself in industrialization for a long time ago when we were still with the Ujamaa policy,” Majaliwa told Dan Kazungu, the Kenyan High Commissioner to Tanzania.

The premier said that he understands that among African countries, Kenya was one of the leading nations to have invested more in Tanzania saying however that they need more.

“The fact that the president shifted investment to my office calls for more emphasis and we have the blue print which allows investors to register in their own country before they come,” he said.

For his part, the Kenyan envoy thanked PM Majaliwa for the support the government has been offering to Kenya saying the bilateral relations which had been existing between the two countries should continue.

“We are relatives, you cannot choose who should be your neighbour we need to work together so that our people can conduct businesses freely,” he said.

In another development, the PM thanked the Kuwait envoy Mubarak Alsehaijan for the support that his country had been offering to Tanzania through its agencies.

Kuwait had helped Tanzania to construct Chaya-Nyahua road in Tabora Region.

Ever since he came into power President Magufuli’s administration took a decision to embrace industrialisation as a panacea to partly tackle unemployment among the youth because industrialisation drive is expected to be one of the significant remedies by creating thousands of job opportunities across the country.

Top Stories