EPZA urges investors to update their information

DAR ES SALAAM: EXPORT Processing Zones Authority (EPZA) has urged investors to update their information using the Business Facilitation Portal necessary in tapping new investment opportunities.

The EPZA launched the Business Facilitation Portal last year to provide investors with access to information and investment procedures at their fingerprints.

This was said by the EPZA Acting Head of Procurement Management Unit Mr William Msoffe during their visits to EPZA licences industries in Lindi, Mtwara and Ruvuma regions in an ongoing evaluation exercise of industries in the country.

“The Business Facilitation Portal is an important platform for investors to access crucial investment information and also link them to new investment opportunities for grabbing,” he said.

The system is linking EPZA with investors as well as institutions like the Tanzania Revenue Authority (TRA), Business Registrations and Licensing Agency (BRELA), Tanzania Immigration Department and Tanzania Bureau of Standards (TBS).

The web-based system allows an investor to lodge various documents including license applications and permits anywhere without visiting the EPZA offices. He said they visited seven industries in the Lindi Region, 10 industries in the Mtwara Region and one Special Economic Zone in the Ruvuma Region.

He said the products produced by EPZA programmes of Special Economic Zones and Economic Processing Zones have met the required market standards of the USA, Asia, Europe and other global markets.

He said products that met the required international standards came from various sectors namely agriculture, mining, energy, forestry, garment and steel. He said the government has been emphasising the need to add value to products from local raw materials due to its multiplier effects on the country’s economic development.

“Value addition on domestic products is of paramount importance in job creation for the youth, technology growth, skills development and boost foreign exchange reserve,” he said.

He said the evaluation of industries licensed by EPZA will help address various challenges that investors face and help to increase efficiency in the industrialisation agenda. He said this move will ultimately help the country attain its target of building a robust industrial economy with industries making use of local raw materials.

He said their visits to these industries aimed to meet investors, update their information and listen to their challenges with the ultimate goal of boosting efficiency in industrial production. Also, their visits focused on providing education on EPZA programmes namely including SEZ and EPZ to investors and other stakeholders.

He said provided education on EZPA obligations, investment procedures to be met in establishing SEZ and EPZ, the EPZA success stories since its establishment and the need for councils to set aside areas for investment.

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