15 August 2014

Tanzania: Premier Trumps Enhanced Ties With Beijing

THE Prime Minister, Mr Mizengo Pinda, has underscored the need for more cooperation and investments between Tanzania and China to benefit host communities and promote the existing cordial relations.

Mr Pinda made the remarks in Dar es Salaam when opening the China-Tanzania Local Government and Business Sector Forum, where he further reminded participants to ensure that as the business velocity grows, the locals need to benefit as well.

"It is important to ensure that business corporation and investments are taken in a socially, culturally and environmentally manner, where host communities and the neighbourhood benefits from the resources and business ventures," he remarked.

The Premier said the forum was an ideal platform to put into actions the preliminary agreement reached in June, this year, on various potential investment areas in regions and local government authorities, whereas some have already shown great interest to invest in various sectors.

"If this being the case, I request you to make a step further that will lead to ensure that, the agreement reached are finalized and put into concrete actions. It is high time to bring the rest of the talks and translate them into action," he stressed.

The Premier said the platform for cooperation between the private sector and the government, through the local government authorities has already been established and is anchored by legal framework, for the mutual relationship between the two parties to do business.

In her welcoming remarks, the Minister of State in the Prime Ministers' Office, Regional Administration and Local Government, Ms Hawa Ghasia, insisted on the need for private sectors and Tanzanian and Chinese investors to explore the opportunities and economic potentials that can be capitalized to accelerate socio-economic development of the people.

She said 12 Chinese companies have shown interest to come and invest in the country in various regions and local authorities.

The minister also stressed the importance of cooperation between the two countries much as she was optimistic that at the end of the forum, binding agreements between the Chinese investors and local private companies will be entered.

Earlier, the Permanent Secretary in the Ministry of Regional Administration and Local Government, Mr Jumanne Sagini, outlined the investment opportunities available in eight regions.


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