THE Kariakoo Business Community has thanked the government for taking decisive measures to improve the business environment and investment landscape by reducing bureaucracy within the sector.

During the launch of the Trade and Aids to Trade Forum (TATF) in Dar es Salaam yesterday, Martin Mbwana, the Kariakoo Business Community chairman said that the government has continued to put in  place robust measures to help address various challenges facing traders and investors hence attracting investment.

He however highlighted that lack of information and essential business and market skills remains a significant challenge for traders.

To address the gap, the community has established the Forum in order to connect traders with resources for accessing markets, establishing industries and facilitating local investments.

He said the launch of the Forum marks a significant step toward fostering a more supportive environment for traders, enhancing their ability to thrive in the competitive market.

“Business is a crucial pillar of our national economy, and this forum will help us address the challenges we face. By fostering dialogue among various stakeholders, we aim to enhance our operations and drive growth,” Mbwana said.

The forum is designed to connect traders with resources for accessing markets, establishing industries, and facilitating local investments.

Additionally, it will provide valuable insights into both domestic and international market opportunities and funding options.

Despite the government’s commendable initiatives, many traders struggle with issues such as lack of information, access to technology, and financing hurdles. It is essential to address these obstacles to foster a thriving business ecosystem,” he said.

Freddy Leopard, TATF executive secretary, urged traders to promote locally produced goods.

He emphasized that increasing the visibility of local products is essential for expanding both domestic and international markets.

“By advertising our products within the country, we can strengthen our market presence,” Leopard stated. “We also encourage traders to establish local industries to create jobs and generate foreign currency.”

One of the Forum’s key goals is to facilitate the entry of Tanzanian products into regional markets, thereby boosting international trade and promoting locally produced goods.