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Dar es Salaam. The Investment Promotion Stakeholders aim to identify, profile and promote 300 projects with potential strategic investors as part of a three-day workshop that will begin Nov. 14 here in town.
This was revealed yesterday at a press conference organized by Phimona Ltd., a marketing communications consulting firm, through the Tanzania Investment Promotion Exhibition and Conference (Tipec).
The move, according to Rodgers Mbaga, CEO of Phimona, follows the challenges that prevent the country from identifying and promoting different projects. whose entry price stood at 2.5 million shillings per pavilion, was intended to convince investors to come and inject their money into the projects.
million. Mbaga was convinced that the initiative would be carried out using various campaigns and Tanzanian ambassadors to attract investors. "Through the workshop, we are committed to commercializing projects with various investors around the world, with the aim of supporting the industrialization campaign of the Fifth Government."
"The Government is committed to its best to make business environments more user-friendly. The remaining task is now the identification and promotion of projects in order to attract strategic investors, "Mbaga told reporters.
Representatives of the National Business Council of Tanzania (TNBC), of the Export Processing Zone Authority (EPZA) The Tanzanian Trade Development Authority (TanTrade), Tanzania Chamber of Commerce and Agriculture (TCCIA), National Development Corporation (NDC) , the Tanzania Broadcasting Corporation (TBC) and Tanzania Standard Newspapers (TSN)
by marketing local projects, this would meet the challenge of industrial financing.
"As things stand, the financing New projects is a huge challenge in the country.This is partly because the majority relies on commercial banks to fund their businesses, "Tunda said. "The capital can be increased through a partnership with local foreigners, and it is difficult for commercial banks to finance new long-term projects that are going back a long way," he said. Tunda, is to find partners and financiers
To strengthen the confidence of foreign partners, Phimona and NDC have declared themselves ready to help local investors to prepare attractive business proposals that would ensure a win-win situation. parts.
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