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Tanzania Export Zones Attract 20 Projects Worth $300m

EPZA DG said that more investors were coming up in bigger numbers to invest in the EPZ, signaling that Tanzania was now better placed for investors.

Tanzania Export Zones Attract 20 Projects Worth $300m

EPZA DG said that more investors were coming up in bigger numbers to invest in the EPZ, signaling that Tanzania was now better placed for investors.

17 October 2017 Tuesday 21:15
Tanzania Export Zones Attract 20 Projects Worth $300m

THE Export Processing Zones Authority has registered 20 projects valued at $300 million (about 700bn/-) within the first quarter of FY 2017/2018

The projects to be carried out by some 20 firms were registered in a period of three months beginning July 1, 2017, according to EPZA Director General Colonel (rtd) Joseph Simbakalia.

Deputy Minister for Industries Trade and InvestmentEngineer Stella Manyaya

The EPZA DG said in Dar es Salaam that more investors were coming up in bigger numbers to invest in the export processing zones, signaling that Tanzania was now better placed for investors.

Mr Simbakalia was briefing the Deputy Minister for Industries Trade and Investment, Engineer Stella Manyaya on the progress made so far since the establishment of EPZA in 2006, took great exception at some people who recently said Tanzania was a ‘difficult’ place for investors.

“… we still see many people who have trust and interest in investing in our country …in projects running into millions of dollars,’’ he said.

Recent reports published in the Financial Times quoted Mr Aliko Dangote, one of the country’s biggest investors as saying that Tanzania was “scaring away foreign investors” through policies that appear

Dailynews

Updated: 17.10.2017 21:28
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