TISEZA rolls out special incentives for Nala SEZ investors

DODOMA: Tanzania Investment and Special Economic Zones Authority (TISEZA) has set special incentives to both local and foreign prospect investors who wish to invest at designated Nala Special Economic Zone in Dodoma Region.

So far, according to the authority’s database, four local investors have expressed interest in investing over 12.3bn/- in the manufacturing sector at the area, a move expected to create more than 400 direct jobs for locals.

This was revealed in Dodoma on Tuesday during a media tour organized by the Tanzania Investment and Special Economic Zones Authority (TISEZA) at the designated 607-hectare site, aimed at promoting the area to both foreign and domestic investors.

Briefing the media, TISEZA’s Central Zone Manager, Mr Venance Mashiba, cited tax and non-tax incentives as among the attractive packages for those planning to invest at Nala.

“Also, those intending to invest in this area will be provided with land incentives as a strategy to lower the cost of investment. Others are tax and non-tax incentives,” the manager noted.

He said TISEZA set aside the Nala area for all strategic investors in various sectors, including agriculture value addition; fast-moving consumer goods (FMCG); textiles and clothing; pharmaceuticals; motor vehicle manufacturing and assembly; motor vehicle spare parts; and paper products and packaging materials.

Other sectors include rubber and rubber products; engine assembly (vehicles, boats, tractors, motorcycles); simple machinery; solar panels, batteries, and green technologies; household appliances and electronics; and wood products, furniture, and building materials.

“We welcome both local and foreign investors to seize these precious investment opportunities. Nala Special Economic Zone in Dodoma offers attractive investment prospects due to its strategic location, ample land, and alignment with Tanzania’s industrialization and decentralization agenda,” he emphasized.

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On his part, Karibu Natural Limited Director Varun Goyal thanked the government for offering incentives to investors—a move that motivated his company to invest in the area.

He said his company is constructing an edible oil processing factory at the site to support the government’s initiative to address the shortage of this crucial product in the country.

Speaking earlier, TISEZA Public Relations Manager Ms Pendo Gondwe said the aim of the tour was to promote the area after it was named the country’s key strategic investment area.

Apart from Nala, four other Special Economic Zones are Kwala and Bagamoyo (Coast Region), Buzwagi (Shinyanga), and Benjamin Mkapa (Dar es Salaam).

For investors to enjoy this opportunity, the Authority has developed six criteria. These include a local content requirement of at least 30 percent Tanzanian ownership; optimized land use limited to a maximum of one acre per factory; and commencement of factory operations within 12 months.

Other criteria are a minimum investment commitment of at least USD 10 million with a 25 percent advance capital deposit in a local bank for foreign investors; a minimum investment commitment of at least USD 5 million with a 25 percent advance capital deposit in a local bank for Tanzanians; and an employment creation target of at least 100 direct payroll jobs.