16 September 2013

Tanzania: PS - Govt Keen On Conducive Investment Environment

CREATING a conducive business environment for more domestic and foreign investments is the government's top priority to speed up the pace of the country's socio-economic growth.

The Permanent Secretary in Prime Minister's Office, Dr Florence Turuka, told journalists in Dar es Salaam over the weekend that in recent years the government had taken necessary steps to improve the business and investment environment for economically better results.

"We have been doing a lot to ensure that all snags frustrating business and investments to grow and prosper are removed," Dr Turuka said, adding that the government had also been working very closely with the private sector to address the challenges.

He said the government, in collaboration with the private sector, had been implementing a strategy that was geared to improving the business and investment environment in the country and thus stimulate business growth.

"In 2010 the government adopted a Roadmap for Improving the Business Environment for Investment which had ten areas for modification in policies, legal and administrative framework to provide necessary services to investors and businesspeople," he said.

According to Dr Turuka, in 2003 the government established a special programme with the objective to improve the business and investment environment called Business Environment Strengthening for Tanzania (BEST) with a view to addressing hurdles that hinder business and investment development and growth.

"Ministries, government departments and institutions were the core implementers of this plan or programme," the PS explained.

Giving the example of Dar es Salaam port, Dr Turuka said the government had established a One-Stop Centre which brings together all service providers to reduce cost and time of doing business.

Under the One-Stop Centre all key players including Tanzania Revenue Authority (TRA), Tanzania Bureau of Standards (TBS) and Tanzania Drugs and Food Authority (TDFA) operate under one roof, hence reducing costs for service consumers.

He added that they had established a Cargo Management Tracking System which was automatic via internet devices to follow up exported goods to neighbouring countries, thus reducing check point stations from 50 to 15.

"We have also established One Border Post in the borders with our neighbouring countries," he said, adding that all stops would strive to reduce time for check in.

The major business environment improvement goes in line with economic evaluation reports from international institutions including the World Economic Forum (WEF), World Bank (WB) and Global Competitiveness Report which showed that Tanzania could do much better in creating a conducive environment for business and investment.

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