Tanzania’s Prime Minister, Kassim Majaliwa, has reaffirmed the government’s commitment to enhancing the business and investment environment to create a safer and more conducive atmosphere for investors in the country.
Speaking in Dar es Salaam during the launch of the preparations for the Second Phase of the Business and Investment Environment Improvement Plan (MKUMBI II), Majaliwa emphasized the plan’s significance in attracting more investments, improving infrastructure, expanding access to international markets for local products, and enhancing competition and product quality.
“The government will continue to fully cooperate with all stakeholders to achieve the goal of a favorable business and investment climate,” said Majaliwa. “We expect that this plan will greatly contribute to our national productivity and help us achieve our goal of a sustainable middle-income economy.”
Majaliwa urged the MKUMBI II preparation committee to fast-track the plan’s development while calling on stakeholders, especially government institutions, to support the committee. He highlighted that this collaboration would help generate comprehensive recommendations aligned with the National Vision 2050.
On his part, the Minister of State in the President’s Office for Planning and Investment, Professor Kitila Mkumbo, stated that the government’s objective in formulating the plan is to ensure that Tanzania becomes a top destination for business and investment.
“Improving the business and investment environment is a continuous process,” said Mkumbo.
He added that for the economy to grow, the business and investment environment must be regularly reviewed and upgraded, which is why the national expert committee formed for this task has considered current business and investment needs.
The Tanzanian government first launched this initiative in June 2019 to conduct an in-depth analysis of the country’s business environment.
