{"id":31249,"date":"2021-06-21T15:19:58","date_gmt":"2021-06-21T15:19:58","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=31249"},"modified":"2021-06-21T13:54:08","modified_gmt":"2021-06-21T13:54:08","slug":"pm-stresses-conducive-investment-climate","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/pm-stresses-conducive-investment-climate","title":{"rendered":"PM stresses conducive investment climate"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/tanzania\">Tanzania<\/a>. <\/strong><\/span>PRIME Minister Kassim Majaliwa has stressed assurance to local and foreign investors over the country&#8217;s efforts to create a friendly investment climate, as he reiterated directives to institutions responsible for facilitating investments to avoid red tapes.<\/p>\n<p>The Premier made assurance after visiting the Africab Tanzania, manufacturers of wires and cables in the country, in Dar es Salaam over the weekend, at which he commended the factory for big investment in manufacturing the electrical products.<\/p>\n<p>He acknowledged that the factory has largely contributed to reduced costs in importing electric materials for implementing various projects.<\/p>\n<p>The government purchases several electric raw materials and pipes from the industry for implementing various public projects.<\/p>\n<p>He explained that the investment of the plant, apart from relieving the government from huge cost of importing raw materials, it has helped in speeding up of implementation of projects such as rural electrification (REA) because it takes short time to get raw materials from within, instead of waiting for long time for raw materials from outside.<\/p>\n<p>\u201cThis contributes to bringing development to the nation,\u201d he insisted as he emphasised on the importance of valuing local investors.<\/p>\n<p>Mr Majaliwa said in the past, a lot of money was used to import raw materials from abroad, but currently several raw materials are produced locally, including those produced by the Africab industry.<\/p>\n<p>He noted that for instance the government has been purchasing transformers and electric wires from the industry for implementing several ongoing energy projects countrywide.<\/p>\n<p>\u201cI believe that in the near future, the factory\u2019s investment will further increase and bring more benefit to the country. I only insist that government\u2019s authorities responsible for investment should continue ensuring a friendly environment for investors to invest in the country,\u201d he emphasised.<\/p>\n<p>On the other hand, the Premier said the industry has been a good taxpayer, paying 2bn\/- every year and has created over 1000 jobs for Tanzanians.<\/p>\n<p>\u201cThe government welcomes all investors with the intention to come to invest in the country due to existing of good investment climate,\u201d he encouraged.<\/p>\n<p>On his part, Africab Marketing Manager David Tarimo, said the visit of the Prime Minister to the industry was a catalyst for them to raise production.<\/p>\n<p>He said being local investors their duty was to ensure that there is close cooperation with the government to ensure that the country&#8217;s energy sector becomes efficient by producing quality electric products.<\/p>\n<p>Mr Tarimo cited one of big challenges as some Tanzanians continue having a mindset that imported products are better than locally produced goods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Tanzania. PRIME Minister Kassim Majaliwa has stressed assurance to local and foreign investors over the country&#8217;s efforts to create a friendly investment climate, as he reiterated directives to institutions responsible for facilitating investments to avoid red tapes. The Premier made assurance after visiting the Africab Tanzania, manufacturers of wires and cables in the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":31248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[6990,6991,711],"class_list":["post-31249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"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>PM stresses conducive investment climate - Tanzania<\/title>\n<meta name=\"description\" content=\"PRIME Minister Kassim Majaliwa has stressed assurance to local and foreign investors over the country&#039;s efforts to creat ...\" \/>\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\/pm-stresses-conducive-investment-climate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM stresses conducive investment climate\" \/>\n<meta property=\"og:description\" content=\"PRIME Minister Kassim Majaliwa has stressed assurance to local and foreign investors over the country&#039;s efforts to creat ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/pm-stresses-conducive-investment-climate\" \/>\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=\"2021-06-21T15:19:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/06\/img-60d099ec1a1fd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"477\" \/>\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\/all-news\/pm-stresses-conducive-investment-climate#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/pm-stresses-conducive-investment-climate\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"PM stresses conducive investment climate\",\"datePublished\":\"2021-06-21T15:19:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/pm-stresses-conducive-investment-climate\"},\"wordCount\":431,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/pm-stresses-conducive-investment-climate#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/06\/img-60d099ec1a1fd.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/pm-stresses-conducive-investment-climate#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/pm-stresses-conducive-investment-climate\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/pm-stresses-conducive-investment-climate\",\"name\":\"PM stresses conducive investment climate - 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