Tanzania Investment Centre Sign, Partnership with Foreign Investors

By Abdul Rahman Suagibu –

Tanzanian President, John Magufuli
Photo Credit: Africa Exponent

NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- TANZANIA Investment Centre (TIC) is in preparedness to entice foreign investors from Netherlands shortly afterwards, approving a covenant with the country’s business Association.

The Memorandum of Understanding (MoU) between TIC and the Netherlands-African Business Council (NABC) will now allow Tanzania to market its investment potentials through the council’s network.

The council has a membership of 300 which are in different sectors such as manufacturing, agriculture, health, energy, logistics and constructions among others.

Geoffrey Mwambe-TIC Executive Director and NABC Director General-Peter Ruiter gave approval to their agreement and both parties halsened to work together for the benefit of both countries.

“Tanzania is one of the investment destination considering the economic growth, good polices and population growth, which is an important aspect. There are also regional markets in the East African Community and Southern Africa Development Community (SADC)”, said Mr. Mwambe.

“Through this agreement, we can now hold business forums between the Netherlands and Tanzania. This is an opportunity to market our potentials to the Dutch business community. We will have an opportunity to forge partnerships that will increase capital flows into Tanzania and create more jobs”, added Mr. Mwambe.

Also, Mr. Ruiter noted Tanzania was a good country in terms of policies and the fact that it maintains peace.

“The Tanzania economy has been stable for a long time and the government is seriously fighting corruption and protect national resources”, said Mr. Ruiter.

“I’m also impressed by TIC’s one stop concept, which makes investment process easier and they should keep on that”, he added.

The Netherlands is one of Tanzania’s top ten investors with 159 projects worth $1.05 billion, according to TIC figure. The projects have created 13,806 jobs.

For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

Facebook: newafricabusinessnews.com

Email: Info@newafricabusinessnews.com