President Jakaya Kikwete is today scheduled to open a high profile Lake Tanganyika Zone Investors’ Forum covering the regions of Rukwa, Kigoma and the newly formed region of Katavi.
A press statement issued here by the Prime Minister’s Office said the one-day forum has been convened by the Prime Minister, Mizengo Pinda who is also Member of Parliament for Katavi constituency.
The forum whose theme is ‘Promotion of Lake Tanganyika Zone Investment Potentials’ aims at encouraging investors to look at opportunities within the three regions.
The regions enjoy an abundance of natural resources comprise fertile land, minerals, game reserves, fish which offer tremendous investment opportunities.
Apart from government officials, the forum will be attended by 34 ambassadors, mobile phone companies, seven Regional Commissioners and two companies dealing with petroleum extraction.
A schedule issued yesterday by the Rukwa Regional Commissioner’s office said President Kikwete will be received by the Premier.
The President is also expected to launch an official website for Lake Tanganyika Zone and watch a film that is specifically designated for forum participants.
There will be presentations on investment opportunities in the Zone, group discussions and an exhibition that will offer valuable information to about 300 forum participants.
Participants will also discuss the ability of the zone’s executives in searching for investment funds for different projects within their regions.
Rukwa Regional Administrative Officer, Salum Chima told the Guardian that all is set to ensure a successful meeting. He said that since Saturday, there have been exhibitions on various investment opportunities that are available in the three regions.
Chima said the forum is important for both local and foreign investors.
The three regions have been facing a lot of challenges that have led to investors hesitating to establish businesses. They include lack of tarmac roads, railway, port, airport and unreliable power and water services.
Last week, the TIC Acting Director of Investment Promotion, Mathew Mnali urged investors to exploit the potentials in the Lake Tanganyika zone.
According to Mnali, the government though various institutions and agencies have been struggling to create conducive investment climate in various parts of the country and that the forum is one of such efforts.
He said TIC has revised its corporate strategic objectives with a view of creating a strong domestic investment base with objectives of raising profile and image of the country as the best destination in the region
He said they also focused on increasing investors in key sectors such as power generation and others.
TIC wants to actively promote the establishment of a middle class of Tanzanians who will actively participate in nation building
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