Tanzania Prime Minister Kassim Majaliwa said that the government is ready to support the private sector to secure large investment projects and invest outside the country only if they will show a high level of commitment in ensuring value for money.
The Premier said in Dar es Salaam on Saturday at the opening of a High- Level Business and Investment Forum and Tanzania Private Sector Foundation (TPSF) Annual General Meeting (AGM).
The Prime Minister pointed out that the government is ready to learn from other countries where contractors and other investors are taking up foreign projects with the support from their respective governments to ensure they get access to capital, expertise and other competitive advantages.
He further said that the government has been and will continue to improve investment and trade climate in order to create more employment opportunities and stimulate the economy.
The PM underscored that all efforts and goodwill of the government of supporting Tanzania’s private sector to keep growing need both parties to be effective and efficient.
“The government is doing everything possible to ensure that loans are available for private sector, but we need to bear in mind that if you take loan, you must have self-discipline of working hard to produce more in order to repay the money,” he said.
On the other hand, Mr Majaliwa said that, the government is currently continuing to improve the business blueprint, noting that it has so far alleviated some taxes and levies in agriculture, livestock and natural resources sectors to allow more flow on investment projects.
“I, therefore, call upon private sector stakeholders to market Tanzania’s available investment opportunities, also be ready to take part by forming a joint venture in prospective investment works,” he noted.
TPSF’s Chairperson Ms Anglina Ngalula expressed gratitude to the government for the efforts it has been doing to improve trade especially in the areas of economic diplomacy which have boosted cross border trade and Tanzania exports to foreign countries.
She gave an example of the export to Kenya, especially in food and agricultural products which have increased recently after President Samia Suluhu Hassan made an official state visit early this year.