Africa-Press – Tanzania. KIBAHA, COAST: THE Parliamentary Committee on Governance, Constitution and Legal Affairs has said efforts by President Samia Suluhu Hassan to promote Tanzania have led to increased investment projects.
The Chairman of the Committee Dr Joseph Mhagama, who is also a Member of Parliament for Madaba Constituency made the statement, recently when the team visited the Modern Industrial Park project at Disunyara Village in Kibaha District, Coast Region. The project is owned by a local company- Kamaka.
“A significant increase in investment activities in the country has been made possible by how our President is promoting various investment opportunities, which are available in our country,” he said, adding that these efforts are bearing fruits as more and more investors from across the globe are coming to invest in different projects.
Dr Mhagama congratulated Mr Yusuph Amanzi, the Director of Kamaka Company Limited and emphasised that the government will work to solve all challenges which are facing the project at the moment.
They include the availability of reliable electricity and water, road infrastructures as well as accessibility to tax incentives.
“When we get local investors like Kamaka Company we need to make sure that we create a facilitating environment as we do to the foreign investors. In that way they become able to produce quality goods and compete in the world market,” he said.
The Minister of State in the President’s Office (Planning and Investment), Prof Kitilla Mkumbo said the government is making efforts to make sure that local investors are not left behind and instead, they are supported to be able to create employment, produce quality goods, earn income and contribute to the nation’s economic development.
“Those who are investing in this country are not only from foreign countries, but from our country as well. According to Tanzania Investment Centre (TIC)’s statistics, local investors make up 61 per cent of all investors in the country”, he stated.
Earlier, presenting project’s report, the Sales and Marketing Manager for Turnkey Estate Company which is responsible for selling plots for building industries at Modern Industrial Park, Ms Angela Maingu said the project will cost a total of 3.5tri/- to complete.
According to Ms Maingu up to February this year various investors have visited the project to buy plots for building industries and others have shown interest in investing in the area.
She mentioned countries where the investors came from as India, China, Turkey, South Sudan, South Africa, Rwanda, Somalia, Pakistan, Yemen, Zambia, United Arab Emirates (UAE), Egypt, Syria, Nigeria, Uganda, Kenya, Canada and Tanzania.
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