{"id":13697,"date":"2020-08-15T17:22:12","date_gmt":"2020-08-15T17:22:12","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=13697"},"modified":"2020-08-15T17:22:12","modified_gmt":"2020-08-15T17:22:12","slug":"mhagama-praises-psssf-over-sound-investments","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/community\/mhagama-praises-psssf-over-sound-investments","title":{"rendered":"MHAGAMA PRAISES PSSSF OVER SOUND INVESTMENTS"},"content":{"rendered":"

Author: HECKTON CHUWA\u00a0<\/strong>
\nAfricaPress-Tanzania:<\/strong> THE Minister in Prime Minister\u2019s Office responsible for Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled, Ms Jenista Mhagama, has praised the Public Service Social Security Fund (PSSSF) for changing the direction of investment by engaging in those which are more productive.<\/p>\n

According to her, apart from contributing a lot in the country\u2019s economic well-being, the move by the PSSSF also responded well to President Dr. John Magufuli\u2019s directive.<\/p>\n

The directive focuses on all social pension funds to engaging in production-related investments so as to increase job opportunities as well as strengthening the national economy.<\/p>\n

The minister made the remarks on Thursday in Moshi, in Kilimanjaro Region, while inspecting the ongoing construction of the Kilimanjaro Leather Industries Company Limited, at Karanga Prison in Moshi.<\/p>\n

The project is been implemented by the prisons department on a joint venture basis with the PSSSF.<\/p>\n

\u201cYour decision to invest in this ongoing Kilimanjaro Leather Industries project will be more productive compared to other investments you used to engage in previously; in this type of investments you will be able to get good returns and make PSSSF sustainable and strong. \u201cYou will also create new contributing members because there will be new employment opportunities in your new investments, as well as improving the economic well-being of the nation,\u201d she noted.<\/p>\n

On the other hand, Minister Mhagama hailed the Kilimanjaro Leather Industries management for its decisions to start exploring markets for products which will be produced by the company after its launch in the near future.<\/p>\n

\u201cI am very pleased to find out that you have started opening shops which would be used to sell your products, thereby responding to the advice I gave you of exploring potential markets for the products which you will produce after launching the factory. I am taking this opportunity to urge you to focus on finding markets in SADC member countries,\u201d she added.<\/p>\n

The minister directed relevant authorities to organize a leather sector stakeholders meeting next month, which would focus on discussing issues related to the leather industry in the country.<\/p>\n

She laid emphasis on the ongoing Kilimanjaro Leather Industries Company Limited mega project which she said would, upon its completion, be an example to reckon with as far as leather industries in Africa are concerned.<\/p>\n

PSSSF Director General Hosea Kashimba said the pension fund had injected 136bn\/- into the Kilimanjaro Leather Industries project which would create more than 3,000 new employment opportunities.<\/p>\n

\u201cApart from responding to President Magufuli\u2019s appeal for us to invest in projects which are more productive, this is also our institution\u2019s contribution to the government\u2019s policy meant to improve the industrial sector in the country,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author: HECKTON CHUWA\u00a0 AfricaPress-Tanzania: THE Minister in Prime Minister\u2019s Office responsible for Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled, Ms Jenista Mhagama, has praised the Public Service Social Security Fund (PSSSF) for changing the direction of investment by engaging in those which are more productive. According to her, apart from contributing a lot […]<\/p>\n","protected":false},"author":84,"featured_media":12076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8],"tags":[1309,391,4535],"class_list":["post-13697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","tag-investment","tag-jenista-mhagama","tag-psssf"],"yoast_head":"\nMHAGAMA PRAISES PSSSF OVER SOUND INVESTMENTS - Tanzania<\/title>\n<meta name=\"description\" content=\"THE Minister in Prime Minister\u2019s Office responsible for Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled, Ms Jenista Mhagama,\" \/>\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\/community\/mhagama-praises-psssf-over-sound-investments\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MHAGAMA PRAISES PSSSF OVER SOUND INVESTMENTS\" \/>\n<meta property=\"og:description\" content=\"THE Minister in Prime Minister\u2019s Office responsible for Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled, Ms Jenista Mhagama,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/community\/mhagama-praises-psssf-over-sound-investments\" \/>\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=\"2020-08-15T17:22:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/d0b155bc708531c909f44c86412876f3.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\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=\"2 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\/community\/mhagama-praises-psssf-over-sound-investments#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/mhagama-praises-psssf-over-sound-investments\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MHAGAMA PRAISES PSSSF OVER SOUND INVESTMENTS\",\"datePublished\":\"2020-08-15T17:22:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/mhagama-praises-psssf-over-sound-investments\"},\"wordCount\":458,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/mhagama-praises-psssf-over-sound-investments#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/d0b155bc708531c909f44c86412876f3.jpeg\",\"keywords\":[\"INVESTMENT\",\"Jenista Mhagama\",\"PSSSF\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/community\/mhagama-praises-psssf-over-sound-investments#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/mhagama-praises-psssf-over-sound-investments\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/community\/mhagama-praises-psssf-over-sound-investments\",\"name\":\"MHAGAMA PRAISES PSSSF OVER SOUND INVESTMENTS - 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