The government of Tanzania is
drafting a new investment law that would address current challenges in the
market and as well as manage competition in the world.
 |
| Minister of State in Prime Minister’s Office (investment), Angella Kairuki |
The Minister of State in Prime
Minister’s Office (investment), Angella Kairuki, made the revelation yesterday,
adding that the new law will improve investment in the agricultural, livestock
and fisheries sectors.
“I believe the new law which will
be modern in nature will help investors in our country to rip benefits in the
three key sectors,’’ she said.
The Minister was officially
opening the 6th Annual Agricultural Policy Conference held at Treasury Square
in Dodoma city.
The three-day conference brought
together key players in the agricultural sector to deliberate on how the
country could improve specific policies, which would boost food security,
nutrition and job creation in the country.
According to the Chairman of the
Policy Analysis Group, Audax Rukonge, some key development partners who are
attending the conference include government officials, representatives from
Research on Poverty Alleviation, World Bank, FAO and the UN Women.
The conference is sponsored by
USAID, FAO, World Bank, TADB, UN Women, JICA, AGRA, ASPIRES, TAHA, Dalberg and
FSDT.
The three-day meeting is held
with the theme ‘Public and Private Sector Investment for Agricultural
transformation in Tanzania: Tackling Agribusiness Drivers and Enablers in
Crops, Livestock, Fisheries and Agro-processing.’
Speaking at the occasion, the
chairman of the Parliamentary Committee on Agriculture, Livestock and Water,
Mahmoud Mgimwa, said the theme came at the right time when the country was
striving to attain a middle income economy.
Mgimwa challenged researchers to
come up with correct and realistic findings that can help the legislature to advice
the government in issues pertaining to investment in the agricultural sector.
The representative of development
partners, Andrew Read, from USAID urged the partners to join hands with the
government in the dream of attaining a middle income country by 2025.
He also insisted that nutrition
should be highly emphasized so that the country attains a healthy population
that would propel it towards attaining the industrialization goal.
On his part, the Permanent
Secretary in the Ministry of Livestock and Fisheries, Elisante Ole Gabriel, said
the conference was vital for the country to realize its dreams.
He disclosed that the country has
about 32.5 million cows, goats (20 million), donkeys (5.5million), chicken
(79.1million) and 2.8 billion kilogrammes of different species of fish in its
water bodies.
The country has 16.6 million
youths, where 13.2 million of them, equivalent to 81.4percent are agribusiness,
implying that their contribution in the industrial economy, cannot be
underestimated.
“My minister and I are more than
willing to improve our policies in order to improve livestock and fisheries in
the country,” said Ole Gabriel.
Environment of doing business has been the major concern of the business community in Tanzania as well as foreign investors. In May last year, the government and the British business community in the country launched a dialogue aimed at identifying and ironing out bottlenecks.
The dialogue focused at the regulatory and policy environment, along with challenges faced by British businesses investing in Tanzania. – Africa
Environment of doing business has been the major concern of the business community in Tanzania as well as foreign investors. In May last year, the government and the British business community in the country launched a dialogue aimed at identifying and ironing out bottlenecks.
The dialogue focused at the regulatory and policy environment, along with challenges faced by British businesses investing in Tanzania. – Africa
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