{"id":110138,"date":"2024-05-08T22:34:59","date_gmt":"2024-05-08T22:34:59","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate"},"modified":"2024-05-09T01:17:41","modified_gmt":"2024-05-09T01:17:41","slug":"european-investors-laud-tanzania-investment-climate","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate","title":{"rendered":"European investors laud Tanzania investment climate"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>DAR ES SALAAM:<\/b> EUROPEAN investment stakeholders have appreciated the Tanzania Investment Centre (TIC) for effectively facilitating business and investment in the country.<\/p>\n

The stakeholders yesterday gave their appreciation at the sideline interviews during a special business dialogue in Dar es Salaam, involving the TIC and the European Business Group-Tanzania (EUBG).<\/p>\n

Knauf Regional Director-East Africa, Ms Ilse Boshoff said Knauf which is a Germany\u2019s private manufacturer in Tanzania has been enjoying unwavering cooperation from the TIC in all matters pertaining to investment such incentives.<\/p>\n

\u201cWe are in the process of expanding the plant by three times of the current capacity,\u201d Ms Boshoff said.<\/p>\n

Detailing, the TIC\u2019s contribution in the growth of the Knauf investment in Tanzania, she said the One Stop Facilitation Centre has been acting as enabler for them to access on time their incentives and legal issues relating to investment.<\/p>\n

\u201cIf there is recommendation that I can make to European investors is to involve the TIC,\u201d she noted.<\/p>\n

In terms of job creation, she said currently the Knauf has 250 employees of whom only four employees are foreigners while the rest are Tanzanians.<\/p>\n

She said their company embraces local talents\u2019 development and transfer of technology through, among others, capacity building programme to local employees who have been sent to abroad including Dubai for upgrading their skills in manufacturing.<\/p>\n

Netherlands Deputy Ambassador in Tanzania, Mr Job Runshaar said the TIC\u2019s has been creating visibility to investment opportunities\u2019 available in the country through among others dialogue platforms including business to government discussions which brought together all stakeholders.<\/p>\n

\u201cThe conversation between business community and the government acts as the channels for investors to express their concerns for successful investments in the country. It is key that the government created TIC,\u201d he said.<\/p>\n

He noted that the country\u2019s One Stop Facilitation Centre which integrate all other necessary entities for setting business including Immigration and Business Registration and Licensing Agency (BRELA) grantee a smooth investment climate which is attractive to all investors.<\/p>\n

Netherlands co-organized the dialogue event with TIC that brought EUBG members representing the European community\u2019s investors in Tanzania.<\/p>\n

In another development, he said so far Netherlands investors in Tanzania inject their capital in the agriculture sector specifically avocadoes and poultry.<\/p>\n

Earlier, TIC\u2019s Director of Investment Promotion, Mr John Mnali said the TIC\u2019s meeting with the EUBG aimed at informing investors about key business reforms that the former is implementing under the New Investment Act of 2022.<\/p>\n

\u201cThe New Investment Act requires the TIC to provide an investment permit within seven days,\u201d Mr Mnali said.<\/p>\n

More significantly, he said the number of personnel working at the One Stop Facilitation Centre has been increased by incorporating some officers of the Ministry of Agriculture and the Mining Commission.<\/p>\n

He said over the weekend TIC launched the Premium Lounge as the facility for fast-tracking investment registration of strategic investors and special strategic investors desiring to inject their huge capital in the country.<\/p>\n

At the dialogue, Mr Mnali was accompanied with TIC\u2019s senior officials who provided clarifications and solutions to the EUBG\u2019s investors purposely for enabling them have fruitful investment in the country.<\/p>\n

The participants networked and shared business skills as well as opportunities.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. DAR ES SALAAM: EUROPEAN investment stakeholders have appreciated the Tanzania Investment Centre (TIC) for effectively facilitating business and investment in the country. The stakeholders yesterday gave their appreciation at the sideline interviews during a special business dialogue in Dar es Salaam, involving the TIC and the European Business Group-Tanzania (EUBG). Knauf Regional […]<\/p>\n","protected":false},"author":84,"featured_media":110137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,711],"class_list":["post-110138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nEuropean investors laud Tanzania investment climate - Tanzania<\/title>\n<meta name=\"description\" content=\"DAR ES SALAAM: EUROPEAN investment stakeholders have appreciated the Tanzania Investment Centre (TIC) for effecti ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European investors laud Tanzania investment climate\" \/>\n<meta property=\"og:description\" content=\"DAR ES SALAAM: EUROPEAN investment stakeholders have appreciated the Tanzania Investment Centre (TIC) for effecti ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-08T22:34:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-09T01:17:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/05\/sm_1715199095.111208.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"European investors laud Tanzania investment climate\",\"datePublished\":\"2024-05-08T22:34:59+00:00\",\"dateModified\":\"2024-05-09T01:17:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate\"},\"wordCount\":552,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/05\/sm_1715199095.111208.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/european-investors-laud-tanzania-investment-climate\",\"name\":\"European investors laud Tanzania investment climate - 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