{"id":39768,"date":"2021-10-29T18:37:31","date_gmt":"2021-10-29T18:37:31","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=39768"},"modified":"2021-10-29T16:20:08","modified_gmt":"2021-10-29T16:20:08","slug":"promote-inward-and-outward-investments","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/promote-inward-and-outward-investments","title":{"rendered":"\u2018Promote inward and outward investments\u2019"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>TANZANIAN business persons have requested the government to support them in promoting both inward and outward investments, saying the move will provide rewards to the country that is rich in raw materials.<\/p>\n

They argued that Tanzanians are capable of putting up investment ventures outside the country, where they will capitalise in available raw materials in Tanzania to produce and supply various products.<\/p>\n

Chairman of Amimza Coffee Products of Tanzania, Mr Amir Esmail said time has come for more Tanzanian business people to get access to invest outside the country, especially in Europe. Mr Esmail made the call during a brief sum up of Tanzania\u2019s participation at the just concluded Turkey-Africa Economic Business Forum (TAEBF) at Istanbul Convention Centre (ICC) in Istanbul, Turkey.<\/p>\n

The briefing was chaired by the Minister for Industry and Trade, Prof Kitila Mkumbo. Mr Esmail said Tanzanian business people are capable of investing in Turkey, including in coffee products from Tanzania, without distorting its originality.<\/p>\n

\u201cWhen we come to attend forums of this nature, it is equally important for the government to seek opportunities for outward investments, to enable Tanzanians invest abroad \u2026 it can be done,\u201d he said.<\/p>\n

He specifically said his company which started way back in 1994, the time when it was selling green beans before venturing into producing premium instant coffee, was capable of setting up ventures in Turkey.<\/p>\n

\u201cIn 2015 our new instant coffee factory was completed, and today, it is the largest instant coffee plant in East and Central Africa\u2026 we want to extend our wings to Europe, starting with Turkey. I would wish to get a warehouse here because Turkey is advanced in areas of technology. They have machines and spare parts, we can bring our products here and process them from here,\u201d he told the minister.<\/p>\n

He added; \u201cTell them to help Tanzanians to get access to invest in Turkey. We are capable of investing here by producing Tanzania instant coffee, labelled as Tanzanian brand and supply it world-wide,\u201d Esmail said.<\/p>\n

Another entrepreneur Kenneth Woiso, who is the Managing Director of Woiso Original Products Company, said that attending the forum was yet another eye opener for him.<\/p>\n

\u201cWe\u2019ve learnt pretty a good lesson here, we have secured several deals with Turkish business people and those from other nations,\u201d he said.<\/p>\n

He suggested that the government must throw its weight to support Small Industries Development Organization (SIDO), for it to effectively function and help entrepreneurs produce quality products.<\/p>\n

He said some products made in Tanzania are poorly finished hence fail to attract buyers. Woiso was among 100 business persons from Tanzania, who were supported by CRDB Bank in collaboration with Go Extra Mile Safaris to attend the forum.<\/p>\n

He opened up on his success story, saying his company has managed to add value in leather products, by producing quality shoes and other products for imports and exports.<\/p>\n

Rehema Mwanisongola, importer and exporter of agricultural equipment said she has made several deals to expend her business. She lauded the government, CRDB Banka and Go Extra Mile Safaris for massive support.<\/p>\n

\u201cTanzanian entrepreneurs are making good strides and in fact, we are here to seek partnership with Turkish business people, who have advanced in technology, skills and scope of the market. Our objective is keep growing. We have leant new ideas and on new technologies and this will significantly help our businesses to grow,\u201d she said.<\/p>\n

On his part, Minister Mkumbo called upon the business persons to make good use of the opportunities and lessons gained from their counterparts who are advanced, especially in technology for them to grow their businesses.<\/p>\n

\u201cI hope that you have taken advantage of this opportunity to learn and create a network so that when you return home, the business you run will go extra mile and by doing so, the government also benefits through tax collections,\u201d Prof Mkumbo said.<\/p>\n

He also lauded the CRDB\u2019s initiative, showering praise to the lender, saying the safari came at the right time. CRDB\u2019s Head of Business Banking, Toyi Ruvumbagu, said that the lender continued to show its readiness to support the industrial and commercial sector and this trip is of great benefit to businesses and the country as a whole.<\/p>\n

The CRDB provided a soft and friendly loan to the traders to enable them to participate in the forum without affecting the business cash flow.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. TANZANIAN business persons have requested the government to support them in promoting both inward and outward investments, saying the move will provide rewards to the country that is rich in raw materials. They argued that Tanzanians are capable of putting up investment ventures outside the country, where they will capitalise in available […]<\/p>\n","protected":false},"author":84,"featured_media":39767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,8,16],"tags":[6990,6991,711],"class_list":["post-39768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\n\u2018Promote inward and outward investments\u2019 - Tanzania<\/title>\n<meta name=\"description\" content=\"TANZANIAN business persons have requested the government to support them in promoting both inward and outward investment ...\" \/>\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\/promote-inward-and-outward-investments\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Promote inward and outward investments\u2019\" \/>\n<meta property=\"og:description\" content=\"TANZANIAN business persons have requested the government to support them in promoting both inward and outward investment ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/promote-inward-and-outward-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=\"2021-10-29T18:37:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/10\/img-617c1ef8349aa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"769\" \/>\n\t<meta property=\"og:image:height\" content=\"445\" \/>\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=\"4 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\/promote-inward-and-outward-investments#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/promote-inward-and-outward-investments\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"\u2018Promote inward and outward investments\u2019\",\"datePublished\":\"2021-10-29T18:37:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/promote-inward-and-outward-investments\"},\"wordCount\":742,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/promote-inward-and-outward-investments#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/10\/img-617c1ef8349aa.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/promote-inward-and-outward-investments#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/promote-inward-and-outward-investments\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/promote-inward-and-outward-investments\",\"name\":\"\u2018Promote inward and outward investments\u2019 - 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