{"id":27520,"date":"2021-04-22T19:00:38","date_gmt":"2021-04-22T19:00:38","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=27520"},"modified":"2021-04-22T16:53:50","modified_gmt":"2021-04-22T16:53:50","slug":"mega-investments-in-horizon","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/mega-investments-in-horizon","title":{"rendered":"Mega investments in horizon"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>PRESIDENT Samia Suluhu Hassan on Wednesday met with Chinese Business Chamber of Tanzania (CBCT), who assured her of their commitment and cooperation with the government, including increasing investments in the country In response, the Head of State reassured them that the government was fully committed to cooperating with investors and continue improving the investment climate for the greater interest of the two parties.<\/p>\n

She said the government would work on all challenges facing the business and investment sector such as hardship in acquiring work permits, delays in payment, administrative bureaucracy as well as tax issues. \u201cThe government will also address challenges that rise on export and import of manufactured industrial goods as well as continue taking precautions against the spread of the Covid-19,\u201d read part of the statement issued by the Directorate of State House Presidential Communications.<\/p>\n

On their part, the CBCT delegation that was led by Mr Janson Huang, further assured President Samia that there are over 800 Chinese companies that are ready to invest in the industrial sector. A statement that was issued by the State House has it that the Chinese companies are planning to construct factories to manufacture phones, pharmaceutical products, car assembling plants as well as establishing industrial parks.<\/p>\n

\u201cThis will go together with skills development programmes that will provide Tanzanians with opportunities to study in the Universities available in Tanzania and China,\u201d reads part of the statement.<\/p>\n

Adding: \u201cThey will study various programmes including engineering and tourism to be sponsored by the government of China and the CBCT.\u201d The CBCT also conveyed their condolences to President Samia for the loss of the former President, the late Dr John Magufuli, who died on March 17th this year.<\/p>\n

Already, President Samia has ordered sweeping reforms in the investment sector, as part of her government\u2019s grand plan to further improve investment in the country. She made the directive recently during the swearing in of the newly and reshuffled permanent secretaries, deputy permanent secretaries and heads of public institutions in Dodoma, demanding that they work on all challenges hindering investment and business sector.<\/p>\n

In her directives, the president ordered the investment docket under the Prime Minister\u2019s Office to immediately establish a one stop centre in a bid to stamp out bureaucracy in issuance of services. This, according to the Head of State, would play a crucial role in attracting more foreign and local investors, increasing government revenue, creating employment as well as propelling the county\u2019s economic growth.<\/p>\n

Equally, the president showed concern on the unnecessary bureaucracy on handling investors at the Tanzania Investment Centre (TIC), issuance of work permits as well as use of force in collecting revenues. She said bureaucracies and improper ways of collecting tax were among key reasons for the collapse of businesses in the country.<\/p>\n

Speaking on Tanzania Revenue Authority (TRA), the Head of State instructed that the taxman should collect tax diligently without harassing or scaring businessmen, for the sake of increasing the monthly collections. According to latest figures from Comtrade, the database of the United Nations with exports and imports statistics by countries and tariff codes, the trade volume between the two countries stands at 4 billion US dollars.<\/p>\n

The data indicates that China\u2019s total investment in Tanzania exceeds 7 billion US dollars, making this great East Asian nation the largest foreign investor in the country. China is taking a number of initiatives aimed at bridging the gap, a move that would also cement further the bilateral ties that the two friendly nations have been enjoying for a long time since the early 1960s.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. PRESIDENT Samia Suluhu Hassan on Wednesday met with Chinese Business Chamber of Tanzania (CBCT), who assured her of their commitment and cooperation with the government, including increasing investments in the country In response, the Head of State reassured them that the government was fully committed to cooperating with investors and continue improving […]<\/p>\n","protected":false},"author":84,"featured_media":27519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[6990,6991,711],"class_list":["post-27520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nMega investments in horizon - Tanzania<\/title>\n<meta name=\"description\" content=\"PRESIDENT Samia Suluhu Hassan on Wednesday met with Chinese Business Chamber of Tanzania (CBCT), who assured her of thei ...\" \/>\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\/mega-investments-in-horizon\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mega investments in horizon\" \/>\n<meta property=\"og:description\" content=\"PRESIDENT Samia Suluhu Hassan on Wednesday met with Chinese Business Chamber of Tanzania (CBCT), who assured her of thei ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/mega-investments-in-horizon\" \/>\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=\"2021-04-22T19:00:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/04\/img-6081aa0207100.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"487\" \/>\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\/mega-investments-in-horizon#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/mega-investments-in-horizon\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mega investments in horizon\",\"datePublished\":\"2021-04-22T19:00:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/mega-investments-in-horizon\"},\"wordCount\":600,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/mega-investments-in-horizon#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/04\/img-6081aa0207100.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/mega-investments-in-horizon#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/mega-investments-in-horizon\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/mega-investments-in-horizon\",\"name\":\"Mega investments in horizon - 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