LIC, govt sign agreement for improvement of conducive environment

10Apr 2019
Correspondent
DODOMA
The Guardian
LIC, govt sign agreement for improvement of conducive environment

LOCAL investment climate (LIC) in cooperation with the government has signed an agreement for implementation of a strategy for improvement of conducive investments environment in Dodoma Region.

Dodoma regional commissioner (RC) Dr Binilith Mahenge

The timely initiative, to be implemented in six districts within the region, among others, aimed at eliminating all barriers haunting a smooth pace of investment in the region.

In his brief presentation during an event to launch the strategy, LIC Investment Reform Advisor, Donald Lija unveiled some of chief barrier to investment in the region as insufficient power and water supply, unfriendly infrastructure to reach markets and investment areas.

Others, according to him, include poor coordination among key players from the private and public sectors that engages directly in the whole chain of investment and business.

“Most investors (from within and outside the country) are still facing diverse setbacks to invest into the country, the move which to a great extent dilutes morale by most investors,” he observed.

 

Moreover, he added that, there are numerous bureaucracies and delayed processes in obtaining surveyed land for investment in the country, saying most the move was weakening investment in the region, and the country in a whole.

 

In his remarks to open the meeting, Dodoma regional commissioner (RC) Dr Binilith Mahenge, underscored the need of all responsible authorities in the region to improve their modus operandi in order to fast track service delivery towards investors.

 

Moreover, apart from hailing LIC for their positive determinations in push for investment pace in the region, he directed heads of all districts in the region to present him lists of all barriers that hinders needed investment development within their areas of jurisdiction.

 

 “Currently, we are very determined at settling friendly conditions and policy in order to attract more investors to chip in the region and invest largely into various sectors,” he assured.

 

Giving votes of thanks, chairperson for Tanzania Chamber for Commerce, Industrial and Agriculture (TCCIA) Deus Nyabiri, said the strategy is projected to give major push in propel for crucial investments in the region.

 

LIC, is a private sector development programme supported by the government of Denmark, though Danida, for addressing critical constraints to business and economic growth at district level. Current, LIC executes its intervention in the two regions of Kigoma and Dodoma.