MINISTER for Industry and Trade Dr Selemani Jafo has directed the Fair Competition Commission (FCC) to conduct a comprehensive inspection of mining companies to identify those that are suspected to have been merged illegally.

During his first visit to the FCC offices in Dar es Salaam since his appointment yesterday, Jafo highlighted concerns that some mining and other sector companies have merged illegally, leading to revenue losses for the government.

“Despite the commendable work being done by the FCC, it is important also to audit the mining companies. Some have merged and are conducting business without following the correct procedures. Mergers must receive approval from the FCC. Please conduct this audit to determine the extent of the revenue loss to the government,” he said.

He also urged the commission to continue fostering an attractive investment environment, particularly in the industrial sector.

“If the FCC performs its duties effectively, investors will also increase hence help create more jobs for Tanzanians. Let us support the government in this endeavour,” Jafo said.

Dr Agrey Mlimuka, FCC board chair, assured the minister that the commission will work to ensure that all the directives are implemented.

FCC Director General William Erio said that the commission’s major role is to protect consumers and create a supportive environment for investment.

He said that the commission will continue to support the government’s efforts in improving investment climate and ensuring fair competition in the market.