Africa-Press – Tanzania. VICE-PRESIDENT Dr Philip Mpango has invited Singapore investors to invest in Tanzania especially in the energy, industrial, minerals, tourism and livestock keeping sectors.
He said Tanzania has a number of business and investment opportunities including multiple natural resources.
Dr Mpango made the statement during his talk with the Deputy Prime Minister of Singapore Heng SweeKeat held yesterday at the Treasury 100 Hall in Singapore.
The vice-president, who is on a visit to Singapore to attend the Bloomberg New Economy Forum, also assured the Singaporean Deputy Prime Minister of Tanzania’s continued efforts on improving business and investment climate.
Participants of the Bloomberg new economy are also discussing issues, including the disproportionate impact of Covid-19 and uneven global access to vaccines as well as new economic direction after the effects of the pandemic.
During the meeting, the Singaporean senior leader told Dr Mpango that his country was ready to cooperate with Tanzania on improving efficiency in the country’s ports.
The duo reaffirmed the warm relations between Singapore and Tanzania, and discussed recent developments in both countries, as well as exchanging views on the potential for further bilateral economic collaboration and the integration of regional economies.
Mr Keat also shared with Dr Mpango on different techniques that Singapore took to improve its economy, attracting investors from different countries as well as building diplomatic relations with developed nations.
“Singapore put more emphasis on putting in place strong policies and laws on business and investment sectors,” he said, adding they also invested heavily on the education sector with much emphasis on vocational training.
He, moreover, mentioned success recorded after heavy investment in the port sector that has enabled the country to attain rapid development and that currently most of the operations at the facility are done by using robots.
This, according to him has increased efficiency and productivity in service delivery. The vice-president also held face-to-face talks with leaders of various countries, heads of international organisations, businesspeople and heads of various institutions with the aim of strengthening relations between Tanzania and those countries and institutions.
As the global economy emerges from lock- down, the fourth annual forum will bring together the world’s most influential business executives, heads of state, innovators, and academics Leaders from East to West, public and private sectors, developed and developing nations will mobilise behind the effort to build a sustainable global economy that creates jobs, reduces inequality and improves public health.
“New vaccines show the power of technology and public-private partnerships to address humanity’s challenges.
And the disproportionate impacts of the virus, and uneven global access to vaccines, have shown how far we have to go to build an equitable future,” Michael Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies said recently.
“The New Economy Forum is a chance for leaders to talk with one another and think big on these and other key issues, including the challenges and opportunities around climate change,” added Mr Bloomberg.
The annual conference was held online last year amid the Covid-19 pandemic. This year’s forum is limited to approximately 400 global leaders in a commitment to helping ensure the delegates’ safety by maintaining the protocol set forth in Singapore, and innovating new ways of safely convening in person.
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