DAR TO HOST MAJOR EXHIBITION ON INVESTMENT

Phimona Limited Chief Executive Officer, Rodgers Mbaga speaks to reporters in Dar es Salaam on Tuesday about the forthcoming Tanzania Investment Promotion Exhibition and Conference (TIPEC) in the city in November.

Dar es Salaam will host a major exhibition on investment promotion which is aimed at linking local and foreign investors with different projects as part of activities of the private sector to promote investment drive.

Phimona Limited, a marketing and communication consulting firm will organize Tanzanian Investment & Conference (TIPEC) in November this year to identify and profile projects for investments.

It will be teaming up with strategic investment promotion stakeholders including Tanzania Standard (Newspapers) Limited (TSN) which publishes Daily News as well as a leading Kiswahili daily newspaper, Habari Leo, TBC, Tanzania National Business Council, EPZA, TANTRADE, TCCIA and National Development Corporation (NDC).

Phimona Limited Chief Executive Officer, Rodgers Mbaga told reporters in Dar es Salaam on Tuesday that they would identify and profile projects for strategic investors because it was an area that has not been covered intensively.

He said they were targeting to identify and promote at least 300 projects during the exhibition with an emphasis on industrial and agricultural projects.

"Different project developers that are looking for investors and partners, finances, technologies, and machinery will showcase their projects and on the other hand different potential local and international investors, financiers and suppliers of technologies and machinery will come to explore investment opportunities," he said.

TSN Senior Marketing Manager, Goodluck Chuwa said they were looking forward to a successful event banking on TSN experience of organizing business forums in various regions in Tanzania.

He said TSN had extensive experience in organizing business forums that include exhibitions and conferences which would be useful in the planned exhibition.

"We are experts in promoting trade and investment opportunities through information that we publish in our newspapers and their online versions which reach Tanzanians and non-Tanzanians in and out of the country," he said.

The Business Environment Analyst with the Tanzania National Business Council, Kabenga Kaisi commended Phimona Limited and their partners for the plans to organize the exhibition and conference saying it showed the private sector was taking up their role in promoting industrialization.

He said the government was working hard to improve the business and investment environment with a raft of reform measures that have been undertaken so far.

He said mentioned improvements at the Dar es Salaam port where it was now operating in 24 hours and in Business Registration and Licencing Authority (BRELA) operations were a result of government taking on board recommendations by the private sector to promote the efficiency of the port.

Daily News