TanzaniaInvest had the pleasure of interviewing Clifford Tandari, Chief Executive until May 2017 of the Tanzania Investment Centre (TIC), the primary agency of the Government…
Investments in Tanzania increased largely thanks to natural gas discoveries across the country.
In 2015, FDI net inflows in Tanzania decreased by 34% to USD1.5b from USD2.04b in 2014.
According to the 2016 World Investment Report of the United Nations Conference on Trade and Development (UNCTAD), low commodity prices depressed FDI inflows in natural resource based economies across Sub Saharan Africa.
However, over the past 2 years Tanzania remained the first recipient of FDI in East Africa.
The top 5 providers of FDI into Tanzania are South Africa, UK, Kenya, Canada, and China.
On 23rd March 2015, the Tanzania Investment Centre (TIC) and the Investment Climate Facility for Africa (ICF) signed an agreement worth USD950,000 on a project that aims to increase investments in the country.
This will be achieved by expanding, consolidating and promoting the Tanzania Investment Window (TIW).
The TIW allows investors to register companies and to obtain investment certificates, work permits and tax exemptions on-line.
TIC is the primary agency of the Government to coordinate, encourage, promote and facilitate investment in Tanzania.
The agency is now looking to promote further investment in key economic sectors.
Clifford Tandari, Chief Executive of TIC explained to TanzaniaInvest: “We are currently focused on promoting investments in manufacturing, agriculture—where the majority of Tanzanians are involved – real estate, construction, infrastructure, tourism, and hospitality.”
The Tanzania Investment Centre (TIC) has signed on July 18th, 2016, a Memorandum of Understanding (MoU) with www.TanzaniaInvest.com to cooperate in promoting Foreign Direct Investments…
Tanzania is expected to continue attracting private equity investments thanks to industry growth and increased competition for deals.
Representatives from Toyota Tsusho Corporation (TYO:8015), the trading arm of the Japanese conglomerate Toyota Group, have recently visited Tanzania to explore investment opportunities in different…