U.S vows to improve infrastructures in Tanzania

vexaaa · 2012-07-16T15:25:55+00:00

America has vowed to help in improving Tanzania rural infrastructures so as to stimulate investment which in turn will inspire the country's economic development. According to U.S deputy National Security Advisor Michael Froman poor infrastructures have been among the problems that limit U.S investors to invest in Tanzania. Among the infrastructures that the U.S has vowed to improve includes investment into the power sector and improvement of rural roads. "Congratulations to Tanzania and the United States on the signing of the U.S.-Tanzania Partnership for Growth Joint Action Plan. This new partnership solidifies President Obama's policy on global development and sub-Saharan Africa, and signifies our enhanced bilateral relationship with one of the next emerging markets – Tanzania," said Mr Froman. With improved infrastructures Tanzania will experience an increase in rural economic activities as transportation of raw materials and finished goods will be easily done, and sustainable power supply will boost industrial development in rural areas which in turn will spur the nation's economic development. Deputy National Security Advisor Michael Froman traveled to Tanzania with a delegation of senior-level U.S. Government officials as part of a tour throughout Africa. According to experts Tanzania's business environment is still not attractive and the country should continue to take measures to improve the situation if it wants to improve Tanzanians businesses. A survey titled ‘Business leader perceptions of the investment climate in Tanzania-2011' reveals 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. The survey claims that investment in the country will play a critical role in the economic recovery if these big four hindrances are dealt with.

Thread starter vexaaa
Start date Jul 16, 2012

vexaaa

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