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Thursday, 27 November 2014

Tanzania Woos Belgian Investments in Coast Region

COAST Regional Commissioner, Ms Mwantumu Mahiza, has said that the region has opened doors for more investors in the region as one way of ensuring that the natural resources, economic opportunities and resources are fully exploited to bring development to the people. Ms Mahiza told a visiting delegation from Belgium led by the country's ambassador in the country, Mr Ivan Korsak, on Tuesday in Bagamoyo that the region already knew how to work with foreign investors, especially from China, adding that there were ample opportunities. "We already have investors who now operate medium and small cement, tiles, food milling and salt industries. We would like also to have big investors as well as those who will focus on agriculture since we have plenty of fertile land," she said.

RC Mahiza mentioned that the government was working hard to improve the environment for investment and that at themoment the process for construction of a modern harbour at Mbegani, in Bagamoyo district, was at an advanced stage. She explained that the region was working closely with the private sector in creating a friendly environment for investors, which in the end would benefit the people of this country. For his part, Tanzanian Ambassador to Belgium, Dr Deodorus Kamala, who accompanied the delegation, pointed out that working with investors was one way of assuring that the country made progress. "Belgium is smaller in size compared to our country but has managed to develop its economy very fast through giving priority to investments and technology by working with other countries. I encourage you not to give up on this area and you will start to benefit from it," he emphasized.