TPSF launches zonal forums to promote business

The Tanzania Private Sector Foundation (TPSF) has launched Zonal Buyer-Seller Forums that aim to promote business and investment at regional and district levels.

The TPSF chairperson, Ms Angelina Ngalula said recently in Dar es Salaam when celebrating TPSF Day 2022 that the forums aimed to increase sales to all zones in the country since their responsibility is to ensure that they increase the scope of the private sector.

She said also to raise startups so that they can fully participate in the domestic and foreign markets such as the East Africa Community (EAC), Southern Africa Development Community (SADC) and African Continental Free Trade Area (AfCFTA).

“Along with other things we will conduct a two-year evaluation, including increasing the scope of business for the private sector, where we will conduct regional forums to reach all Tanzanians throughout the country to raise the small businesses,” said Ms Ngalula.

Ms Ngalula said TPSF will continue to cooperate with the government to ensure that the private sector participates well in increasing the economy despite the challenges that have arisen including Covid-19 pandemic.

“We will continue to work hard to pay taxes and cooperate with the sixth phase of government to build our country,” Ngalula said.

Ms Ngalula commended the government for being able to improve the business and investment environment that has stimulated economic growth under the leadership of the Sixth Phase Government 2021-2022.

On his part, the Sino Tan Industry Park, Mr Janaon Huang who represents the Chinese Business Chamber of Tanzania said they were very confident to do business with Tanzania.

He said Tanzania has a conducive business environment to do business since about 99 per cent of them sold to China with zero tax.

“Nowadays we are very confident with the environment of doing business here. There are natural resources, good achievements and the responsible institutions are well organized,” said Huang.

The Tanzania hawkers (machinga) vice-chairman, Mr Steven Lusinde thanked the government for recognizing them and being able to lend more than 2.2bn/-.

Mr Lusinde said Small and Medium Entrepreneurs (SMEs) had been empowered by being given places to do business as well as reducing interest from banks.