VP Mpango: “Tanzania is safe, come one, come all”

VICE President Dr Philip Mpango has invited the Burundi business community to Tanzania to exploit enormous trade and investment opportunities, stressing that the country is among safest places to invest in their capitals.

Dr Mpango extended the call when he met and held talks with the business community on Thursday in Bujumbura, Burundi ahead of the 21 Extra-Ordinary Summit of the East African Community (EAC) Heads of State.

“Tanzania is a peaceful place…I am quite sure that if you invest in our country you’re bound to get the value for your money,” he said.

Immediately after President Samia Suluhu Hassan took the reins, VP Mpango said she had focused her attention on the creation of an enabling environment for doing business and investment within the country.

In support of the course, he said the government introduced a blueprint for regulatory reforms to improve the business environment.

He noted that the process had involved coming together with the business community so as to make known of existing challenges in order to devise workable solutions for investors to be comfortable.

“Knowing how costly it is to put up any kind of investment, the government embarked on various initiatives aimed to ensure the investors reap the benefits of their investment. The same applies to the host country…the situation should be a win-win,” said Dr Mpango.

He disclosed that the business environment of the country was being improved on a day-to-day basis, maintaining that the economic situation of Tanzania was relatively good.

He cited an example of government initiative in effectively managing both monetary and budgetary policies while also ensuring reliable food security.

He outlined other measures that have been taken to boost the business environment such as controlling inflation, which is currently below five percent, bragging of acquiring a sufficient foreign reserve.