Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


EU appeals to Tanzania to create conducive environment for investments

06 May 2014, 13:10

Dar Es Salaam - The European Union on Monday asked Tanzania to relax procedures in setting up business in the country, saying cumbersome procedures attracted corruption and was a disappointment to investors.

The EU head of delegation to Tanzania, Filberto Sebrigondi, said the EU has been convincing investors to do business in Tanzania but they were facing various challenges, including corruption.

"Tanzania should simplify the investment procedures and reduce the red tape to attract more investors," the EU envoy said when speaking at the beginning of celebrations marking the EU Week in the commercial capital Dar es Salaam.

He said Tanzania was growing in terms of business with various investment potentials available in the country but investors were not finding the country conducive for investments.

Dianna Melrose, the British High Commissioner to Tanzania, said bureaucracy was a stumbling block for investors intending to do business in Tanzania.

"It's very disappointing because bureaucracy is very rampant here to the extent that it creates corruption environment," said the British envoy.

Melrose called on Tanzanian authorities to work hard in cutting the red tape for the betterment of the country.

She said that this should go hand in hand with reducing taxes and other charges, so that to attract more businessmen to come and invest in the country.

Tanzania took the lead in attracting Foreign Direct Investment (FDI) in the East African region. The 2012 World Investment Report shows that Tanzania attracted record breaking 1.1 billion U.S. dollars in 2012.

According to the report, between June 2011 and June 2012, Tanzania overtook Kenya, the region's biggest economy, indicating the high confidence among foreign investors in Tanzania.

- Xinhua

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Victor Tinto
Man who attacked US Embassy a 24 ...

A man who attacked the US Embassy in Nairobi was a 24 year old from Wajir County. Read more...

Submitted by
Victor Tinto
US Embassy to remain closed Frida...

The US Embassy in Nairobi will remain closed Friday following a terror attack on it Thursday. Read more...

Submitted by
Victor Tinto
Leave ODM if you are unhappy, Rai...

Leave ODM if you are not happy, Raila Odinga tells Senator. Read more...

Submitted by
Victor Tinto
Former Assistant Minister joins J...

A former Assistant Minister has quit PNU and joined the Jubilee Party. Read more...

Submitted by
Victor Tinto
DP Ruto intervenes as Kerio Valle...

DP William Ruto will visit Kerio Valley to try solve never-ending clashes between local residents. Read more...

Submitted by
Wilson Ochieng
ODM MP chased down by angry Kibra...

Kibra MP Ken Okoth had a hard time in his constituency after angry youth pelted him with stones. Read more...