President Samia welcomed French investors, says Tanzania is open for business

PARIS-President Samia Suluhu Hassan today welcomed French investors to Tanzania, saying her government is implementing a raft of reforms aimed at improving the business environment in the country.
Addressing members of the French Business Confederation (MEDEF) in Paris, the President invited French investors to explore world-class opportunities in Tanzania in livestock, agriculture, energy, mining and other sectors. 

"The government has done major legal, institutional and fiscal reforms in the public sector to ensure there is ease in starting and doing business in the country," she said. 

President Samia said measures taken by her administration to improve the business environment have already yielded positive results, with the Tanzania Investment Centre (TIC) recording an upsurge in foreign direct investment (FID) inflows over the past one year. 

TIC registered 256 new projects in 2021 worth $3.749 billion, which are expected to create a total of 53,025 jobs, she said. 

Meanwhile, the two countries signed an MoU between Tanzania Airports Authority (TAA) and Bouygues Batiment International for a feasibility study for rehabilitation of Terminal II building at the Julius Nyerere International Airport (JNIA) in Dar es Salaam. 

The agreement was signed by Eric Fleurisson, Executive Director, Airport Development for France and Dr. Ally Possi, Deputy Permanent Secretary of the Ministry of Works and Transport of Tanzania. 

France is ranked 35th as a source of investments in Tanzania, with 40 existing projects worth $73.4 million, which have so far have generated 1,885 jobs.

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