EPZA drives industrial growth
TANZANIA: TANZANIA has attracted over 1.17 billion US dollars (equivalent to 3.195tril/-) in capital and created more than 20,000 jobs in the past three years, according to a new report by the Export Processing Zones Authority (EPZA).
These achievements were recorded from March 2021 to February 2024. The projects have focused on sectors that produce goods from agriculture (Agro Processing), industrial products, livestock products, chemical products, mineral products and forest products.
The report titled ‘The success of EPZA’ is among the five reports launched by Prime Minister on Wednesday, it highlights a remarkable increase in investor interest, resulting in a surge in capital investments, job creation and export growth.
According to the EPZA report, the capital investment is from 45 projects registered in various regions of the country through EPZ and Special Economic Zone (SEZ) licenses.
This inflow marks a strengthening of Tanzania’s investment sector. Additionally, exports reached 397.64 million US dollars (equivalent to 1.085tril/-) and approximately 20,674 jobs were created, demonstrating tangible progress toward the country’s goal of building a sustainable middle-income economy driven by industrial development.
“One of the standout projects is the Bagamoyo SEZ, which includes the construction of a modern international port.” The report reads in part.
This port is expected to serve as a key gateway for international goods, enhancing Tanzania’s industrialisation efforts by boosting local manufacturing and adding value to products for both domestic and international markets.
As part of this development, EPZA, in collaboration with ABECC consultants from Ardhi University, has completed a comprehensive feasibility study and master plan. Currently, 60.9 per cent of the construction of a 3 – kilometre tarmac road has been completed.
Other significant projects include the Manyara SEZ, aimed at processing minerals, including Tanzanite, as well as agricultural and livestock products.
The 406-hectare area is rich in minerals and raw materials. The feasibility study for this project, carried out in partnership with the University of Dar es Salaam, is 90 per cent complete.
The report further states that in Dodoma, the Nala SEZ project focuses on adding value to agricultural products, as well as establishing industries for building materials, pharmaceuticals and basic services.
The 1,500 – acre area is set to boost the region’s economic potential, with EPZA finalising land compensation payments as of August 18, 2023.
Meanwhile, the Kwala SEZ, covering 100 acres, is set to receive critical infrastructure such as roads, electricity and water systems.
“The land title has been secured and preparations for infrastructure development are ongoing. Ruvuma SEZ in Songea Municipality, is also expected to focus on adding value to agricultural products, with investigations into compensation issues currently underway,” according to the report.
To further enhance investor services, EPZA has introduced a new digital system known as the EPZA Business Facilitation Portal, designed to streamline services and government payments for investors. The system is in the final testing phase before its official launch.
Overall, EPZA is committed to supporting Tanzania’s industrial ambitions by promoting investment opportunities, registering local and international industries and offering efficient services through a one-stop service centre.
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These efforts underscore Tanzania’s determination to compete globally in attracting investments and building a robust industrial economy.
The achievements of the past three years reflect the government’s dedication to creating a business-friendly environment, attracting investors and driving economic growth to improve the livelihoods of Tanzanians.
