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Tanzanians urged to embrace globalization

This was said by Ambassador Ami Mpungwe who was the guest speaker at the CEO Roundtable dinner in Dar es Salaam on Tuesday night. He said in regards to globalization it is important for businesses to understand and appreciate political landscapes. He advised corporates and individuals not to distance themselves from the on going constitutional review process saying that some of the views could have an impact on business policies.

He cautioned members of the CEO Roundtable who attended the function that globalization is moving fast without a defined look. “Borders have become meaningless as economic powers are more interested in markets and not political boundaries”, he said. He said that the fast development of Information Communications Technology (ICT) has changed the traditional way of doing things.

He gave an example of how it is so easy to access information without having to wait for an official statement from the government. “So for that reason customers and clients are more informed and more aware than ever before”, he stressed. He said that Tanzania should learn from China, India and Malaysia which took advantage of globalization and have all prospered.

“Above all, Tanzania needs to retain and motivate its young people in order to progress”, he added. Chairperson of the CEO Roundtable, Mr Ali Mufuruki, said that companies in Tanzania are doing a lot in improving the livelihoods of the people and that they should be telling their stories.

He also announced the hosting of the annual CEO Roundtable dinner gala to be held on November 24. This year, he said, companies that showed outstanding leadership in the private sector would be recognized. Invitees at the event included representatives from the Chinese Chamber of Commerce, the British business community, South African companies, Turkish and Indian businesses.

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Author: DAILY NEWS Reporter

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