NEWS AND EVENTS
INVITATION TO ATTEND TANZANIA - TURKEY BUSINESS FORUM, AT BANK OF TANZANIA, DAR-ES-SALAAM.
23RD JANUARY 2017
Tanzania Investment Centre (TIC), in collaboration with the Ministry of Foreign Affairs and International Co-operation and Turkish Embassy in Tanzania are organizing a Tanzania - Turkey Business Forum which will be held on 23rd January, 2017, from 12:30pm at the Bank of Tanzania Conference room in Dar-es-Salaam.
The objective of the forum is to foster economic and business relations between Turkey and Tanzania as well as to exchange business experience between the two countries. During the forum, there will be an opportunity for networking and business meetings between the Turkish and the Tanzanian companies. This unique opportunity will be mutually beneficial to both Tanzania and Turkey companies/investors.
The Tanzania - Turkey Business Forum will focus on the following sectors Manufacturing, Agriculture and Livestock, Food and beverage, Mining, Textile and Apparel, Tourism,Consulting and Engineering services, Building Materials, Energy and Environment,Electronics and Electrical Devices, Construction and Contracting, Automobile and Spare Parts, Transportation and Logistics Services, Medical and Optical Instruments, Furniture, Machinery and Equipment, Chemical Products, Health and Information Technologies.
For the purpose of organising a successful business match-making event, we advise interested parties to register online through http://usergroup.tic.co.tz. In case of any assistance contact TIC through firstname.lastname@example.org (0715734444) or/and email@example.com (0786660777).
Please note: Attendance is free but participants are required to register before 20th January 2017 at 12:00 noon.
TANZANIA INDUSTRIAL RESEACH AND DEVELOPMENT ORGANIZATION
SHIRIKA LA UTAFITI NA MAENDELEO YA VIWANDA TANZANIA RE-ADVERTISED
INTERNATIONAL INVITATION FOR PRE-QUALIFICATION.
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World Investment Report: FDI Flows Increasing in Tanzania
The World Investment Report 2015 which was officially launched on 24th June 2015 has indicated that FDI rose by 14.5% into the United Republic of Tanzania. The FDI inflows into Tanzania represented its highest level in 2014 given that it attracted slightly over $ 2,142 million compared to its last peak of $ 2,131 million in 2013. This amount is significantly higher than the very low level of $ 640 million that flowed into the country between 2005-2007 (pre-crisis). This achievement is primarily due to gas discoveries in the United Republic of Tanzania.
Indeed, Tanzania once again is the leading FDI’s destination in the East African Community. According to this Report, South Africa is largest recipient of FDI in 2014 with inward FDI Stock of $ 145,384 million. The Report has revealed that China is the largest recipient of FDI in 2014, followed by Hon Kong (China) and the United States of America. Developing economies as a group attracted $681 billion worth of FDI with a 2 per cent rise. Developing economies now account for 55% of global FDI inflows.
Among the top 10 FDI recipient in the world, half are developing economies: Brazil, Hong Kong (China), India and Singapore.
Generally, the World Investment Report 2015 shows that Global FDI inflows in 2014 fell by 16 per cent to $1.2 trillion, mostly because of the fragility of the global economy, policy uncertainty for investors and elevated geopolitical risks.
Speaking at the launching ceremony of the World Investment Report 2015, the Minister for Investment and Empowerment, Hon. Eng. Christopher Chiza (MP) said, the World Investment Report 2015 showed the massive worldwide financing needs for sustainable development and the important role that FDI can play in bridging the investment gap, especially in developing countries. “In this light, strengthening the global investment policy environment, including both the International Investment Agreements (IIA) and the international tax regimes, must be a priority. The international and development community should, and can, eventually build a common framework for global investment cooperation for the benefit of all”.
He commended this Report to all those interested in steering private investment towards a more sustainable future. He further added that more work needs to be done to attract investment into other sectors that have greater propensity to attract job i.e. manufacturing and agriculture. Ethiopia and Mozambique are countries that we have a lot to learn from. Ethiopia FDI's has surged on its improved performance of textile manufacturing. Mozambique has done well in gas and has been a star performer in attracting FDI in the SADC region.
Giving opening remarks at the launching ceremony of the World Investment Report 2015, the TIC Board Chairman, Prof. Lucian Msambichaka congratulated the UNCTAD for this important report and the Government of Tanzania through the Tanzania Investment Centre (TIC) for their efforts to promote, facilitate and reducing restrictions on investments. “I am confident that the United Nations in Tanzania, UNCTAD and UNDP Tanzania in particular, will stand ready to continue to support the Tanzanian government more broadly with both strategic policy advise as well as more practical guidance based on global good practices as the country seeks to implement the New Economic Model and achieve Vision 2020”. World Investment Report has been published annually since 1991.
These Reports provide a comprehensive and authoritative source of data and analysis on global trends in investment, enterprise development and related issues. Each year’s Report covers the latest trends in foreign direct investment around the World and analyses in depth one selected topic related to foreign direct investment and development. This year’s special topic is “Reforming International Investment Governance”.
Tanzania to boost local and foreign investments March 25, 2015
On 23rd March 2015, the Tanzania Investment Centre (TIC) and the Investment Climate Facility for Africa (ICF) signed an agreement worth US$ 950,000on a project that aims to increase investments in the country by expanding, consolidating and promoting the Tanzania Investment Window
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."
Speaking at the signing ceremony, Hon. Eng. Christopher Chiza (MP), Minister of State for Investment and Empowerment said:
"Once completed, the Tanzania Investment Window will represent a new and innovative approach to the delivery of services for investors and will undoubtedly improve our country's business environment and competitiveness. For the past few years as you are aware, Tanzania's position in doing business reports and other international rankings has deteriorated sending a poor signal to investors on the country' willingness to reform and develop the private sector. Completion of this online registration program will simplify business procedures drastically by removing important barriers to investment, entrepreneurship and job creation"
This is the seventh project that ICF is supporting in Tanzania. Previous projects included: a feasibility study for a potential National Land Bank; modernization of the High Court and its three sub-divisions of Land, Commercial and Labour courts; assisting the Police Force to help ease the movement of goods on the highway from the Port of Dar es Salaam to Rusumo, on the Tanzania-Rwanda border; supporting TRA to do preparation work for Customs modernization. Ongoing projects include: implementation of the Tanzania Customs Integrated System to improve clearance of import and export goods; and building the capacity of SMEs to enable them to enter the formal sector.
Past event: Launch of the Tanzania Investment report of 2012 – Dar es Salaam, Tanzania, 29 Nov 2013
On behalf of the Tanzania Investment Centre, the Bank of Tanzania and the National Bureau of Statistics organized the launch of the 2012 Tanzania Investment Report. The launch took place on Friday 29th at the Bank of Tanzania Conference Room. The event was officiated by Honourable Dr. Mary Nagu (MP), Minister of State, Prime Minister’s Office responsible for Investment and Empowerment. The objective of the event was to launch the Tanzania Investment Report which contains the findings from the study on foreign private investments in Tanzania that was carried out in 2010 and 2012.