THE door is wide open for investors in the East African region and beyond to come to Tanzania, Deputy Minister for Industry and Trade, Ms Janeth Mbene, has said.
She vowed the government full cooperation with investors and creation of a conducive climate for doing business profitably in the country.
The deputy minister said this on Sunday at the launch of the first branch of a regional retailer, Nakumatt Holdings in Tanzania.
The firm has taken over properties of Shoprite, a South African retailer. "The launch of Nakumatt Mlimani store in the country, speaks volumes that Tanzania has made positive strides in assuring conducive environment to investors," Ms Mbene said.
She said Nakumatt Mlimani will provide all requirements under one roof for all shopping needs, limiting the need for consumers to visit more than one store. Ms Mbene urged farmers and manufacturers to take advantage of the opportunity provided by Nakumatt Holdings of stocking its stores with locally made produce.
The deputy minister encouraged Nakumatt Holdings to support the government in the areas of education, health and other academic programmes geared at promoting retailing in the country.
Nakumatt Holdings Managing Director, Mr Atul Shah, said the three new stores in Dar es Salaam have been upgraded at a cost of more than US 3 million dollars.
He said Nakumatt holdings now has two running stores in the country including the one in Moshi, Kilimanjaro Region and a third to be opened soon in Arusha Region.
He said with the three branches in Tanzania, Nakumatt will have effectively boosted its branch network to 50 in East Africa, a milestone that was part of its Nakumatt corporate development strategy announced back in 2011.
"The opening of this store in Dar es Salaam is a long held dream come true, as we have been considering various avenues to establish our footprint in Dar es Salaam and other parts of Tanzania since 2010," Mr Shah explained.
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