FDIs

The Tanzania Private Sector Foundation (TPSF) on Monday appealed to the government to improve the country’s investment environment.

TPSF Chairman Salum Shamte said the government should improve the attractivenss to investors, simplify procedures for new investments, and improve the access to capital.

Shamte told Angellah Kairuki, newly appointed minister of state in the Prime Minister’s Office responsible for investment, in the commercial capital Dar es Salaam, that the government should end harsh treatment of investors by some officials.

The government is obliged to promote investments in agriculture and engaging the private sector in public-private-partnership projects, he said.

“The government should also have frequent business talks with the business community,” Shamte said, noting that the business community contributed to more than 75 percent of the country’s gross domestic product (GDP).

In her response, Kairuki said implementation of the private sector development policy will start soon and that the government has prepared a comprehensive action plan to guide the implementation of the policy.

Kairuki also promised to conduct as many rounds of talks as possible with the private sector.

On Feb. 7, Tanzanian Prime Minister Kassim Majaliwa pledged the government’s commitment to continue improving the business environment and facilitate local and foreign investments.

Majaliwa told the National Assembly in the capital Dodoma that Tanzania has enough land to facilitate any kind of investment whereas municipal councils have been directed to set aside special land plots for investment activities. Enditem

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