Tanzania offers ‘unlimited business opportunities’
There are unlimited investment opportunities for South African businesses in Tanzania, says Louis Accaro, director of membership services at the Tanzania Private Sector Foundation (TPSF).
He was speaking on the second leg of an Outward Selling and Investment Mission organised by the Department of Trade and Industry (the dti) in Dar Es Salaam, Tanzania.
“The challenges with our infrastructure, the expansion of the new ports and the airport, and power generation, can be translated into investment opportunities for business,” said Accaro.
Chief Director of Export Promotion and Marketing at the dti, Zanele Sanni said: “We have a large contingent of participants who have expertise in the infrastructure sector,” she said.
In light of Tanzania’s discovery of oil and gas, both Sanni and Accaro agreed that the diversification of economies through adding value to raw materials was key to high growth and sustained industrialisation.
They also emphasised the importance of investment in infrastructure development and the removal of regulatory barriers that negatively impact the movement of goods and services.