Saturday, June 11, 2011

UN envoy hails Tanzania as best investment destination in Africa

United States Trade Representative Ambassador Ron Kirk has said that Tanzania is among African countries where his government invests more time and resources. A press statement issued in Dar es Salaam on Tuesday quoted Kirk as saying that the fact that Tanzania was a safe and peaceful country had attracted many US companies and trading institutions to opt for conducting business here. “Tanzania stands a chance to record successes, and the US government would like to be part of these successes”, said the ambassador during his meeting with President Jakaya Kikwete at State House in Dar es Salaam on Wednesday. Elaborating, he said the US government was impressed with the bilateral relations between the two countries, and that it would like to continue strengthening them. “The US government enjoys its relationship with Tanzania and there is not a single African country where we invest much of our time and resources. This is the best country for business and economic relationship,” he said. Kirk said some of the areas where the American government provides support was 'Feed the Future’ project, and other areas under the Millennium Challenge Cooperation (MCC). Projects under MCC are energy, infrastructure, water and major health projects through the President's Emergency Plan for AIDS Relief (PEPFAR). Tanzania also enjoys business opportunities through the African Growth and Opportunity Act (AGOA). He said the US was gearing itself up to increasing its business investments with the intention to create more employment opportunities. He said the biggest US companies would continue to establish business ventures in Tanzania so as to boost economic growth. For his part, President Kikwete thanked the US government for supporting development projects. He said US companies could still invest in the sectors of construction, five-star hotels, minerals, agriculture, infrastructure and construction of the central railway line.


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