Govt bids to make Tanzania a top investment destination

THE government has reiterated its commitment to continue reviewing the country’s policies and regulatory frameworks governing the business environment in its bid to make the country a top destination for local and foreign investments.

Speaking on Wednesday at a meeting with the Managing Director for Serengeti Breweries Limited (SBL) Mr Obinna Anyalebechi, the Minister for Industries and Trade Dr Ashatu Kijaji, said the government is open to dialogue with the private sector as a means to resolving challenges facing the business community.

“The private sector is an important stakeholder in nation-building. We value its role in the country’s economic development, its contribution to job creation, government revenue generation and for the social support towards communities,” Dr Kijaji said.

During the courtesy call in Dar es Salaam, the SBL MD thanked the minister for her support to the private sector, a factor he said, had to grow investors’ interest and confidence in the country.

As a result, Mr Obinna said SBL has invested over 165bn/- in the past three years to expand its beer and spirits manufacturing operations culminating in the creation of new jobs and bringing new opportunities for local suppliers to the company.

“This expansion has increased production and subsequently led to an increase in revenue generation to the government from our business while enhancing the company’s capacity to fund more community support programmes,” the MD said.

SBL’s community support programmes, according to Mr Obinna, include water stewardship, tree planting and life skills training for the youths, women and marginalised groups.

The company also runs an agribusiness programme that supports over 400 local farmers who grow barley, maize, sorghum and other cereals that the company buys and uses as raw materials for beer production.

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