Good environment, stability make Tanzania preferred investment destination -minister

By Guardian Reporter , The Guardian
Published at 11:16 AM Sep 18 2024
Industry and Trade Deputy Minister Exaud Kigahe
Photo: File
Industry and Trade Deputy Minister Exaud Kigahe

TANZANIA is one of the top countries in Africa for investment and business, thanks to a conducive environment as well as strong foundation for peace and stability.

Industry and Trade Deputy Minister Exaud Kigahe expressed the sentiment in Dar es Salaam at the weekend during the opening of the 25th Buildexpo Tanzania 2024.

The annual international trade fair provides a platform for showcasing the latest advancements in construction technology, materials and techniques.

The deputy minister urged investors to consider Tanzania, noting that the government prioritizes investment and offers a favourable environment for doing business.

"I encourage international investors to seize the opportunities available here by collaborating with local businesses to introduce quality products that meet our country's standards and environment. The government is committed to providing a safe and enabling environment for investors," he said.

He also invited the local business community to participate in the exhibition, emphasizing the benefits of networking with their international counterparts.

Kigahe noted that construction exhibitions have proven to be productive for foreign businesses, offering opportunities to showcase and sell their products.