Tanzania Daily News (Dar es Salaam)

Tanzania: Kikwete to Meet Global Investors in UK

PRESIDENT Jakaya Kikwete joins other African leaders in London in October to meet with global investors and project developers at the inaugural Global African Investment Summit.

The Global African Investment Summit is designed specifically to present global investors with bankable projects in Africa. "The aim is to catalyse investment into Africa through a trusted forum that focuses on real opportunities," said Paul Sinclair, the Director of the Global African Investment Summit.

The summit would provide an opportunity for representatives of some of the biggest asset managers and pension funds who are looking to increase their exposure to Africa's emerging markets, to meet President Kikwete and other African leaders.

"If you want to attract the world's best investors you have to profile your country on the world stage. London, as a global financial hub, presents the perfect location for African governments to meet and discuss with investors from across the globe." Mr Sinclair added.

President Kikwete will be joined by the Presidents of Rwanda, Uganda and Ghana and former president Olusegun Obasanjo of Nigeria. The Global African Investment Summit will provide the opportunity for the governments to attract investors into key sectors including agribusiness, power, natural resources and transport infrastructure.

For Tanzania this is likely to include the profiling of projects such as the Southern Agricultural Growth Corridor and the Big Results Now (BRN) initiative. "Investors from across the world will be looking at these projects; African governments will be seeking those partners who can bring the most value to their countries in terms of funds, expertise, technology and job creation.

Leveraging the power of the global market creates a win-win for African governments seeking to secure maximum benefits for their countries." Mr Sinclair said.

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