28 April 2014

Tanzania: Koreans Eye EPZA Investment Projects

TANZANIA expects to start getting investors from South Korea in areas under the Export Processing Zones Authority (EPZA).

A group of potential investors from 22 firms in the Asian nation recently visited the authority and learn about opportunities available in Tanzania and benefits of investing in EPZA areas.

EPZA Director General, Dr Adelhelm Meru, told a news conference in Dar es Salaam over the weekend that Tanzania wanted to forge closer links with Seoul for the mutual benefits of both countries.

The South Korean delegation was led by their ambassador to Tanzania, Mr Chung Hu and it was the first time for such a big delegation to visit the country.

"We showed them attractions and explained the benefits of investing in EPZA areas," Dr Meru said.

He explained that the authority used the chance to showcase various opportunities such as a possibility to start agribusiness ventures and minerals value addition industries.

He said that South Koreans also learnt about opportunities in infrastructure development in areas of energy, water and service provision in EPZA areas found in 20 regions in the country.

"We have been working with them for a long time and we are aware of their expertise in Information and Communication Technology (ICT)."

Dr Meru told investors that investing in Tanzania also will allow them access markets in neighbouring regional groupings and countries in East African Community (EAC), South African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA).

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