PRIME MINISTER Kassim Majaliwa has said within one year, the government has managed to register 9,678 projects with a value of 8,658 million US dollars, which shows the positive results of investment in the country.
“9,678 projects with a value of 8,658 million US dollars were registered in 2023 compared to 8,401 projects with a value of 5,558.47 million US dollars registered in 2022”, he said.
He made the statement on September 11, 2024 while speaking to various stakeholders who participated in the launch event of five reports on Business and Investment Environment Improvements and Investment Management Materials in the country held at the Mlimani City hall, in Dar es Salaam.
Elaborating on the first investment report for 2023 which shows the statistics of positive investment results in the country, the Prime Minister said that the projects have been able to generate 195,803 direct jobs compared to 76,841 jobs generated in 2022.
Explaining the efforts made by the Government on the investment development plans of the public and private sectors, as well as the business environment, the Prime Minister said that the Government continues to take various steps in reforming the operation and management of Public Institutions and Organizations to ensure that they are run for efficiency and productivity in serving the people.
“This issue has already been given instructions by the President, Dr. Samia Hassan, President of the United Republic of Tanzania August 28, 2024 in the working session of the Chairmen of the Board and Chief Executives of Public Organizations and Government Institutions.
Currently, the Government has approved the proposals for the enactment of the Public Investment Law which will strengthen and set better conditions for investment management in Public Organizations as well as having reliable sources of funds for investment”. He said
The government has continued to strengthen the use of IT systems, including the construction of an electronic system for serving investors called Tanzania Electronic Investment Window (TeIW) to enable investors to register a project inside or outside the country and obtain investment permits within three days if they have met the criteria.
“The first phase of the construction of this system has been completed and has enabled the integration of the systems of seven institutions which are the National Identity Authority (NIDA), the Immigration Department, the Labor Department, the Business Registration and Licensing Agency (BRELA), the Revenue Authority Tanzania (TRA), Ministry of Lands, Housing and Housing Development and Tanzania Investment Center (TIC)”, he said.
At the same time, the Prime Minister has asked the institutions and authorities of the Government to accelerate the amendment of the laws that contribute to the ease of doing business to ensure that the new laws enable a better environment for business and investment.
