The United Republic of Tanzania

TANZANIA INVESTMENT CENTRE





The US is among the top ten countries with registered projects at TIC .


IN a show of confidence in the current Government’s sincerity to attract foreign investments, Senior Commercial Officer in the US Embassy, Mr Ken Walsh last week called for enhanced cooperation between his office and Tanzania Investment Centre (TIC). Mr Walsh made the call when he visited TIC offices in Dar es Salaam last week and held talks with the centre’s Executive Director, Dr Maduhu Kazi.

 

He particularly expressed his office’s interest and willingness to organize a business and investment forum to bring together members of the US Chamber of Commerce and the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA). He added that the aim of the envisaged forum will be to identify more business and investment opportunities, joint venture projects, to attract capital, exchange experience and to seek new markets.

 

The senior official, who has been in the country for the past two months, visited TIC to, among other things, introduce himself and to express his readiness to work with the centre to bolster business and investment between Tanzania and the US. He said that among his responsibilities in the country is to get information on all available investment opportunities in the country and promote the same to businessmen/investors in the US. Mr Walsh therefore called for close cooperation between TIC and his office in all matters involving business and investment for mutual benefits of the two countries.

 

Welcoming Mr Walsh, Dr Kazi thanked the US senior official for paying him a courtesy call and assured him that the centre is ready to work with the US Embassy to enhance business and investment ties between the two countries.The TIC executive director also briefly outlined key sectors that American investors may take interest in as agriculture, industries, fisheries, livestock, tourism, technology and infrastructure.


According to TIC statistics, some 331 projects have been registered between 1997 and 2020 valued at US$ 295,683.662 million and created employment to 49,272 people. The US is among the top ten countries with registered projects at TIC in diverse sectors including industries, agriculture, transportation and natural resources.









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