26 June 2018

Tanzania: Embrace Professionalism, Traders Told

Dodoma — MAYOR of Dodoma City, Prof Davis Mwamfupe, yesterday challenged traders here to operate their businesses professionally to grab the growing opportunities in the capital city.

Addressing business community yesterday, the Mayor told members of the business community that despite the growing business opportunities in the capital, most traders were still far away from realising and exploiting the opportunities.

"The capital city means new customers, new demand, new technology, new chances as well as new business regulations," said the Mayor at a business meeting, which the Tanzania Chamber for Commerce, Industry and Agriculture (TCCIA) organised.

Prof Mwamfupe hinted that a number of high-profile foreign and local traders have shown interest to invest in Dodoma, saying the traders were willing to enter into contractual joint venture with Dodoma traders.

"I was recently in South Africa whereby at least 20 different businessmen asked me for permission to come to Dodoma to invest in various key sectors, including real estate and agriculture, through joint venture with their local counterparts," he said.

The Mayor appealed to traders to develop business and company profiles to provide the authorities with professional stance to link them with their foreign counterparts.

"Most traders here are short of capital to venture into large businesses, entering into joint venture with foreign traders will play key role of solving this challenge," he observed.

Moreover, he urged traders to purchase land for investments, pointing out that as per regulations, foreigners are not entitled to own land.

TCCIA Regional Chairman Deus Nyabiri said the private sector was the engine for propelling the country's economy, adding that the sector plays a key role in provision of jobs to graduates.

He said it was vital to hold frequent meetings with regional authorities to address challenges facing the sector.

TCCIA Regional Secretary Idd Senge said TCCIA is working tirelessly to ensure traders in the region benefit from expanded business opportunities.

"Presently, we are holding professional talks with authorities in the government to see the possibilities of improving conditions of doing businesses in the capital city, including reduction of taxes," he observed.

He said, in further efforts, Dodoma Regional Commissioner, Dr Binilith Mahenge will later next month meet traders in the region to discuss with them several issues to improve the sector.

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