Tanzania Investment Window Receives USD 950,000 From ICF For Investment Promotion

On March 25th, 2015 the Tanzania Investment Centre (TIC) and the Investment Climate Facility for Africa (ICF) have signed an agreement worth US$ 950,000 on a project that aims to increase investments in the country by expanding, consolidating and promoting the Tanzania Investment Window.

Specifically, the project will launch and promote the Tanzania Investment Window through targeted communication efforts and strengthen TIC’s capacity to manage the Investment Window, will simplify processes and put the remaining One-Stop-Shop permit issuing procedures online.

Speaking at the signing ceremony, Neville Isdell, ICF Co-Chair said:
“ICF is happy to be partnering with the Tanzania Investment Centre in promoting its investor facilitation services. Businesses of all levels, but especially smaller businesses, need to have a conducive environment in which to operate. When this is in place, businesses are able to grow, expand and flourish quickly and in greater numbers. They will then be able to contribute significantly to job creation and consequently to a more inclusive distribution of wealth across the country.”

The Investment Climate Facility (ICF) is a public-private initiative through which donors, international and domestic corporations as well as NGOs, collaborate with African governments and regional organizations, to improve the investment climate at the national, regional, and continental levels.

The Facility was incorporated in Dar es Salaam, Tanzania, in April 2008 with a projected funding needs of USD 550 million during its life-span (7 years).