TIC highland zone office for one stop shop investment

Tanzania Investment Centre (TIC) is looking for modalities of ensuring that one investment shop is created in the Southern Highland Zone that would enable it attract more investment opportunities in the six regions of Mbeya Iringa, Mbeya, Rukwa, Katavi and Ruvuma.

Daudi Riganda, TIC Zonal Manager for the Southern Highland Zone told journalists mid this week in the region that they will soon be launching a one-stop-shop investment centre in the region that will be a primary agency of the government focusing on coordinating, encouraging, promoting as well as facilitating investment opportunities in the highlands region and Tanzania as a whole.

Riganda said the Zonal office in Mbeya is looking forward to improving its services that will lead to  better services and attract more investment.

“We need to make sure that our services have close contacts with all the stakeholders in the country including the regional government authorities as well as the Tanzania Chamber of Commerce Industry and Agriculture (TCCIA)” he said.

He said the much awaited centre would play a role of advising the government on investment policy and other related investment issues in the region.

He also pointed out that between March 1997 and 2014, the center serving the three regions in the highland zones have registered  a total of 218 Projects in Iringa, Mbeya and Njombe regions, worth $4.037million with 36,191 in employment opportunities.

Riganda explained that, the Zonal Office in the said six regions was officially launched in 2011, creating 16 projects in Iringa agricultural sector, 4 projects in Mbeya while one project was created in Njombe creating 11,276, and 1,514 with 175 jobs opportunities and $199.70million, $32.35million and $1.38million income in three regions respectively.

He said under Section 5, the purpose of the centre shall be to initiate and support measures that will enhance the investment climate in the country, to both local and foreign investors, and thus leading to analyzing and disseminating information about investment opportunities in the region.

He also underlined the challenges faced by the centre, saying lack of access to land for investment is a major drawback for investment projects in the said regions.

“Our land need to be earmarked for investment projects, Riganda said adding that this will ensure sprouting up of many projects that would be beneficial to the public”
He said TIC centre in the Southern Highlands has made steady development due to the good co-operation between the regional government and local investors including stakeholders.

SOURCE: IPPMEDIA

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