{"id":15614,"date":"2020-09-22T16:47:48","date_gmt":"2020-09-22T16:47:48","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=15614"},"modified":"2020-09-22T16:47:48","modified_gmt":"2020-09-22T16:47:48","slug":"govt-reviews-investment-policy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-reviews-investment-policy","title":{"rendered":"GOVT REVIEWS INVESTMENT POLICY"},"content":{"rendered":"<p><strong>Author: DEOGRATIUS KAMAGI<\/strong><br \/>\n<strong>AfricaPress-Tanzania:<\/strong> THE government has embarked on a review of the investment policy to improve domestic direct investment (DDI) and foreign direct investment (FDI).<\/p>\n<p>The move also aims at improving a business and investment climate for the country to continue building the economy by exploring available opportunities.<\/p>\n<p>Under review, is the National Investment Promotion Policy of 1996 that paved the way for the enacting of the Investment Act of 1997 for which the Tanzania Investment Centre (TIC) was established.<\/p>\n<p>Speaking yesterday, Director of Planning in the Prime Minister\u2019s Office (PMO) Packshard Mkongwa mentioned three areas that needed more attention to improve the sector.<\/p>\n<p>\u201cA lot has been done so far on improving the sector, but still there are challenges in investment coordination, investment promotion and investment facilitation,\u201d he said.<\/p>\n<p>Mr Mkongwa, who was representing PMO Permanent Secretary (Policy, Coordination and Investment) Dorothy Mwaluko said the importance of active participation of stakeholders from the private sector to propose amendments that should be made.<\/p>\n<p>This will also enable the country to come up with a proper policy that attracts more investors and maintain a market share outside the country.<\/p>\n<p>He was of the view that the review sought, among other issues, to boost the participation of local investors in the country\u2019s economy, with the business community being ensured that their presence was felt in the re-evaluation process.<\/p>\n<p>Speaking of the achievements recorded so far, the senior official said there was an increase in FDI stock from $3.3bn in 1999 to $21.2bn in 2017.<\/p>\n<p>\u201cMoreover, the Fixed Capital Formation to the GDP ratio increased to 44 per cent in 2018 from 14.7 per cent recorded in 1997,\u201d he said.<\/p>\n<p>\u201cAll needed is to have a rapid, private sector-led economic growth that seeks to reduce poverty and improve people\u2019s livelihoods and the country\u2019s economy at large,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: DEOGRATIUS KAMAGI AfricaPress-Tanzania: THE government has embarked on a review of the investment policy to improve domestic direct investment (DDI) and foreign direct investment (FDI). The move also aims at improving a business and investment climate for the country to continue building the economy by exploring available opportunities. Under review, is the National Investment [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":15603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[5887,2294,5888,1597],"class_list":["post-15614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-ddi","tag-fdi","tag-pmo","tag-tic"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GOVT REVIEWS INVESTMENT POLICY - Tanzania<\/title>\n<meta name=\"description\" content=\"THE government has embarked on a review of the investment policy to improve domestic direct investment (DDI) and foreign direct\" \/>\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\/economy\/govt-reviews-investment-policy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GOVT REVIEWS INVESTMENT POLICY\" \/>\n<meta property=\"og:description\" content=\"THE government has embarked on a review of the investment policy to improve domestic direct investment (DDI) and foreign direct\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-reviews-investment-policy\" \/>\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=\"2020-09-22T16:47:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/09\/d70ae432da84e55aa8d1deb314fb9bf8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2240\" \/>\n\t<meta property=\"og:image:height\" content=\"1260\" \/>\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\/economy\/govt-reviews-investment-policy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-reviews-investment-policy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GOVT REVIEWS INVESTMENT POLICY\",\"datePublished\":\"2020-09-22T16:47:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-reviews-investment-policy\"},\"wordCount\":306,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-reviews-investment-policy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/09\/d70ae432da84e55aa8d1deb314fb9bf8.jpg\",\"keywords\":[\"DDI\",\"FDI\",\"PMO\",\"TIC\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-reviews-investment-policy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-reviews-investment-policy\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/govt-reviews-investment-policy\",\"name\":\"GOVT REVIEWS INVESTMENT POLICY - 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