DODOMA: INVESTORS and entrepreneurs in Kondoa Town Council, Dodoma, have been urged to collaborate with financial institutions, such as banks, to access loans that can boost business growth.
The call was made by Kondoa Town Council Acting Director, Mr Hassan Kiseto, during a recently concluded investment promotion seminar organised by the Tanzania Investment Centre (TIC), in collaboration with the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) and the Business Department of Kondoa Town Council.
“It is my expectation that through this seminar, we will gain sufficient knowledge from our colleagues in the banking sector about the opportunities available through loan policies and systems,” said Mr Kiseto.
Speaking to the entrepreneurs attending the seminar, TIC Investment Officer Mr Athuman Mkayandika explained that the Centre identifies an investor based on the value of their project.
He noted that an ordinary Tanzanian investor registered with TIC should have a project idea worth at least 120m/- , with the ability to implement it within five years.
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According to Mr Mkayandika, investors who register with TIC enjoy several benefits, including exemptions from certain taxes when importing goods for their projects.
The one-day seminar was held at the Kondoa Town Council Conference Hall and attracted more than 15 investors and entrepreneurs.
To further promote investment, TIC has established an Aftercare Service — a core functional unit in investment promotion and facilitation aimed at ensuring both the successful start-up and ongoing development of investments, with the goal of maximising their contribution to local economic growth.
The Aftercare Unit provides several facilitation services to registered investment projects.
Once a project is registered, the unit offers assistance to ensure smooth implementation, free from unnecessary obstacles.
Notably, since its inception, TIC has successfully supported numerous investment startups.
