{"id":19603,"date":"2020-12-03T21:40:45","date_gmt":"2020-12-03T21:40:45","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=19603"},"modified":"2020-12-03T21:40:45","modified_gmt":"2020-12-03T21:40:45","slug":"tz-clears-investment-hurdles","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/community\/tz-clears-investment-hurdles","title":{"rendered":"TZ CLEARS INVESTMENT HURDLES"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> THE Tanzania Investment Centre (TIC) has said from now on any person willing to invest in the country will be issued with all necessary permits and certificates within seven to fourteen days.<\/p>\n

TIC Executive Director, Dr Maduhu Kazi said here on Wednesday\u00a0that the new development follows a directive by President John Magufuli issued on November 13 when inaugurating the 12th Parliament.<\/p>\n

Speaking in the august House, Dr Magufuli insisted that in attracting investment in the industrial sector, his government would in the next five years continue improving business environment and investment.<\/p>\n

\u201cI want any investor willing to inject finances to get all the necessary permits and certificates within a fourteen (14) days and for that reason I have decided to move the Tanzania Investment Centre (TIC) from the Prime Minister\u2019s Office to the President\u2019s Office so that I can personally deal with all those causing unnecessary delays,\u201d he said.<\/p>\n

In implementing the president\u2019s directive, TIC on Wednesday\u00a0convened all public entities dealing with issuance of permits to discuss how they can ease bureaucracy to people willing to invest in the country.<\/p>\n

Apart from officials from TIC, the meeting was attended by officials from Tanzania Revenue Authority (TRA), Ministry of Land and Human Settlement, Tanzania Bureau of Standards (TBS), National Environment Management Council (NEMC) and Tanzania Weight and Measures Agency (TWMA), among others.<\/p>\n

Speaking after the meeting, the TIC Executive Director said that all parties had agreed that people wishing to invest in the country should be issued with permits within 14 days or less.<\/p>\n

He said all institutions involved in issuance of permits had agreed to use an electronic system in a bid to reduce days of issuance of all requisite investment documents.<\/p>\n

\u201cWe will soon convene all ICT experts who will collaborate with officials from e-Government Authority (e-GA) in order to come up with a system that will help investors to lodge their applications and get all necessary permits in less than 14 days,\u2019\u2019 said Dr Kazi adding that TIC wants to see investors getting the documents in between seven and 10 days.<\/p>\n

Speaking at the occasion, TRA Commissioner General, Dr Edwin Mhede, said in the meeting, all parties had agreed to intensify communications in order to ease issuance of permits.<\/p>\n

Dr Mhede said the meeting equally agreed that CEOs of all public entities involved in issuance of permits should make quick decisions in an event they receive documents regarding investment.<\/p>\n

\u201cWe also agreed that TIC will be the coordinator of training to staff and investors so that before they lodge their applications they get a broader understanding of what to do.\u201d<\/p>\n

Land Commissioner, Mr Nathaniel Nhonge said that for quick issuance of title deeds and land ownership certificates, the ministry would ensure that the process does not go beyond 14 days.<\/p>\n

NEMC Director General Samuel Gwamaka said in implementing the president\u2019s directive, the council is preparing new guidelines that would facilitate smooth issuance of permits within 14 days.<\/p>\n

President Magufuli\u2019s fifth-phase government has successfully propelled the country\u2019s economic growth and managed to register 1,307 foreign and local investment projects worth 3.3trl\/- in the previous five years.<\/p>\n

As a result Tanzania has topped the East African Community (EAC) bloc for attracting Foreign Direct Investments (FDIs).<\/p>\n

The fifth-phase regime has strived to promote the private sector and lay a good environment of doing business in an effort to improve the economy and create jobs for Tanzanians.<\/p>\n

Statistics show that over the past five years, the private sector has created 183,503 jobs through various investment projects. Over 50 per cent of the projects were related to industrial production.<\/p>\n

Dr Magufuli has often insisted on his government\u2019s determination to strengthen the private sector for mutual economic development in the country.<\/p>\n

\u201cPrivate sector is one of the key engines in driving the economy\u2026.the ruling party is focusing on improving the sector in the coming five years so as to create more jobs and build a strong economy,\u201d the President said during his presidential campaign in September, this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: THE Tanzania Investment Centre (TIC) has said from now on any person willing to invest in the country will be issued with all necessary permits and certificates within seven to fourteen days. TIC Executive Director, Dr Maduhu Kazi said here on Wednesday\u00a0that the new development follows a directive by President John Magufuli issued on […]<\/p>\n","protected":false},"author":84,"featured_media":19572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,7,8],"tags":[6173,1597],"class_list":["post-19603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-head-lines","category-homepage-english","tag-maduhu-kazi","tag-tic"],"yoast_head":"\nTZ CLEARS INVESTMENT HURDLES - Tanzania<\/title>\n<meta name=\"description\" content=\"THE Tanzania Investment Centre (TIC) has said from now on any person willing to invest in the country will be issued with all necessary\" \/>\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\/tz-clears-investment-hurdles\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TZ CLEARS INVESTMENT HURDLES\" \/>\n<meta property=\"og:description\" content=\"THE Tanzania Investment Centre (TIC) has said from now on any person willing to invest in the country will be issued with all necessary\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/community\/tz-clears-investment-hurdles\" \/>\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=\"2020-12-03T21:40:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/12\/7410694563a426193c4bf31fe8e6abb2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\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\/community\/tz-clears-investment-hurdles#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/tz-clears-investment-hurdles\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TZ CLEARS INVESTMENT HURDLES\",\"datePublished\":\"2020-12-03T21:40:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/tz-clears-investment-hurdles\"},\"wordCount\":670,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/tz-clears-investment-hurdles#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/12\/7410694563a426193c4bf31fe8e6abb2.jpg\",\"keywords\":[\"Maduhu Kazi\",\"TIC\"],\"articleSection\":[\"all news\",\"community\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/community\/tz-clears-investment-hurdles#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/community\/tz-clears-investment-hurdles\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/community\/tz-clears-investment-hurdles\",\"name\":\"TZ CLEARS INVESTMENT HURDLES - 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