Infrustructure; key for business growth

vexaaa · 2012-07-10T13:26:27+00:00

Tanzania efforts to attract more investment will bear fruits only if the government chooses to address insecurity, physical infrastructures and ensure stable power supply. The chairman of the Chinese Business Chamber, Mr Janson Huang, said in March that Tanzania is losing billions of Dollars from Chinese investment due to poor infrastructures. He said that Tanzania has many potentials which when well utilized can lead to great economic development. But this cannot be achieved because of concern about insecurity among investors from the Asian economic giant coupled with the poor infrastructure, especially roads. He told the CEOs roundtable in the city in March that they had noted investment potentials in mining, agriculture, energy and tourism which could attract more Chinese investors. But, he hastened to say, many investors were still skeptical because they were not guaranteed of security and infrastructure which would facilitate quick trading. Recently BEST-AC commissioned a survey titled Business leader perceptions of the investment climate in Tanzania-2011 which revealed that unreliable power, Poor roads, corruption and lack of enough water are the major factors that make it difficult for businesses to get on with running and growing. Experts say if these hindrances are not dealt with many Tanzanians will remain in extreme poverty.

Thread starter vexaaa
Start date Jul 10, 2012

vexaaa

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Jul 10, 2012

Bwana Paulo

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Infrustructure; key for business growth

vexaaa

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Bwana Paulo

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