{"id":111220,"date":"2024-05-28T21:23:51","date_gmt":"2024-05-28T21:23:51","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy"},"modified":"2024-05-28T22:27:21","modified_gmt":"2024-05-28T22:27:21","slug":"fcc-tma-seal-1-56bn-deal-to-spur-efficacy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy","title":{"rendered":"FCC, TMA seal 1.56bn\/- deal to spur efficacy"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>DAR ES SALAAM:<\/b> THE Fair Competition Commission (FCC) and TradeMark Africa (TMA) have signed a 1.56bn\/- agreement, aimed at enhancing the latter\u2019s operational efficiency and modernising its functions.<\/p>\n

Speaking at a press conference in Dar es Salaam yesterday, FCC Director General Mr William Erio stated that the three-year agreement focuses on three main areas: automating FCC services, strengthening Information Communication Technologies (ICT) infrastructure, and training the commission\u2019s staff.<\/p>\n

\u201cThrough this agreement, we aim to ensure our operations are system-driven, significantly upgrade our ICT infrastructure, and train our staff who are crucial to our performance and supervision,\u201d explained Mr Erio.<\/p>\n

He emphasized the alignment with the government\u2019s direction towards modern and digital economic operations.<\/p>\n

\u201cGiven the government\u2019s vision of a digital economy and the President\u2019s Samia Suluhu Hassan\u2019s efforts to boost investment, we must also embrace automation and digital transformation,\u201d he added.<\/p>\n

The benefits of the agreement, according to Mr Erio, include increased investment, boost revenue collections and enhanced foreign exchange earnings<\/p>\n

He also said that the strategic partnership is intended to align the FCC with the current government\u2019s priorities and improve the business environment.<\/p>\n

\u201cWe welcome this strategic partnership with TradeMark Africa as a significant milestone in our efforts to strengthen regulatory capacity and enforcement.<\/p>\n

Together, we aim to create a level playing field for businesses, promote market competition, protect consumer interests, and support sustainable economic growth in Tanzania,\u201d Erio stated.<\/p>\n

He outlined two ways foreign investors can conduct business and invest in the country: registering a new company through the Tanzania Investment Commission (TIC) or through partnerships and business mergers facilitated by the FCC.<\/p>\n

Country Director for TradeMark Africa, Mr Elibariki Shammy emphasized the importance of the partnership in boosting Tanzania\u2019s global trade profile.<\/p>\n

He said that the agreement is crucial not only for strengthening business but also for developing ICT capabilities.<\/p>\n

\u201cOur collaborative efforts with the FCC are a major step towards streamlining business processes and enhancing Tanzania\u2019s profile in global trade. Through automation, capacity building, and an enhanced ICT framework, we aim to benefit all stakeholders,\u201d stated Mr Shammy.<\/p>\n

Mr Shammy noted that the agreement would promote sustainability and fair competition.<\/p>\n

He also said that the partnership aligns with regional economic integration goals and supports increased intra-African trade under the African Continental Free Trade Area (AfCFTA). He said it also aligns with competition regulations as well consumer protection frameworks under the East African Community (EAC).<\/p>\n

\u201cThe expected outcomes of this partnership include a more transparent and efficient trade environment, reduced border crossing times, and a robust framework for consumer protection. It\u2019s a win-win for all, and we are committed to ensuring these benefits are realised,\u201d stressed Mr Shammy.<\/p>\n

Since its inception, TMA has delivered substantial gains for trade and regional economic integration in East Africa and the Horn of Africa, including a 16.5 per cent reduction in cargo transit times on the Northern Corridor from Mombasa to Bujumbura and a 70per cent reduction in crossing times at selected one-stop border posts.<\/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: THE Fair Competition Commission (FCC) and TradeMark Africa (TMA) have signed a 1.56bn\/- agreement, aimed at enhancing the latter\u2019s operational efficiency and modernising its functions. Speaking at a press conference in Dar es Salaam yesterday, FCC Director General Mr William Erio stated that the three-year agreement focuses on three […]<\/p>\n","protected":false},"author":84,"featured_media":111219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,711],"class_list":["post-111220","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":"\nFCC, TMA seal 1.56bn\/- deal to spur efficacy - Tanzania<\/title>\n<meta name=\"description\" content=\"DAR ES SALAAM: THE Fair Competition Commission (FCC) and TradeMark Africa (TMA) have signed a 1.56bn\/- agreement, ...\" \/>\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\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCC, TMA seal 1.56bn\/- deal to spur efficacy\" \/>\n<meta property=\"og:description\" content=\"DAR ES SALAAM: THE Fair Competition Commission (FCC) and TradeMark Africa (TMA) have signed a 1.56bn\/- agreement, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy\" \/>\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=\"2024-05-28T21:23:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-28T22:27:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/05\/sm_1716918468.446626.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"543\" \/>\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\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FCC, TMA seal 1.56bn\/- deal to spur efficacy\",\"datePublished\":\"2024-05-28T21:23:51+00:00\",\"dateModified\":\"2024-05-28T22:27:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy\"},\"wordCount\":525,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/05\/sm_1716918468.446626.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\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/fcc-tma-seal-1-56bn-deal-to-spur-efficacy\",\"name\":\"FCC, TMA seal 1.56bn\/- deal to spur efficacy - 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