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TIC LURES CZECH REPUBLIC INVESTORS

10 May 2022
DAILYNEWS
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THE Tanzania Investment Centre (TIC) has invited investors from Czech Republic to come and invest in the country especially in agricultural, fisheries and tourism sectors.

Speaking shortly after the meeting with Czech Republic Ambassador to Tanzania Mr. Martin Kileptko, TIC Director General Dr. Maduhu Kazi said Tanzania is a perfect place for investment, insisting that the government has continued to create a conducive environment for investors to conduct their business in the country.

Ambassador Kileptko was accompanied by Economic Diplomacy Department Ambassador from Czech Ministry of Foreign Affairs, Mr. Miloslav Machalek.

Dr. Maduhu told the Ambassador that from January to March this year,  total of 189 prospective investors came to the country to explore the availability of investment opportunities, while majority from Czech Republic have shown interest to invest in tourism sector.

The TIC boss attributed the inflow of investments into the country to efforts and initiatives taken by President Samia Suluhu Hassan to open up the country and promote economic diplomacy.

For his part, Ambassador Klepetko said Tanzania is endowed country with many opportunities that if developed and used properly will significantly help propel the conutry's economy.

"Investment sector is crucial for any country because it helps creates many jobs especially among youths.

"It is a great honour for to us to be here, we have learnt a lot especially on the available investment opportunities in Tanzania," said the ambassador, promising that he and his delegation will be ambassador to promote the great opportunites available here,so that the Czech people can come and ivest in Tanzania.

Meanwhile, the government has invited local and foreign investors to invest in the opportunies available in the energy sector, which are essential for the operation of various power plants and machines in industries.

Speaking at the farewell meeting with the group of businessmen from Norway and the United Kingdm who have been in the country since May 3rd this year, the Deputy Permanent Secretary in the Ministry of Investment, Industry and Trade, Mr. Ally Gugu said Tanzania has many opportunities in the energy sector and they need investment.

The businessmen from Norway and the United Kingdom were in the country to discuss how to identify new investment opportunities available in Tanzania.

Mr. Gugu said the government has continued to open the doors for investors in various sectors especially energy , which is the key in propelling the country's economy especially in this period in which, the government has focused on the industrial economy.

For her side, Norwegian Ambassador to Tanzania Elisabeth Jacobsen expressed her satisfaction with the good trade relations between the two countries, which began in 1970.

"Tanzania and Norway are countries with strong historical relation in energy investment..our relations started  50 years ago. We have succeeded to stregthen staff capacity to design and build large power plants and distribute electricity in various areas especially in rural areas," said Ambassador Elisabeth.


What color is not part of the Tanzanian Flag
a. Red
80%
b. Green
20%
c. Blue
0%
d. Black
0%
Total Votes: 5