|
 The
United Republic of Tanzania is a unitary republic formed
by the union of Tanganyika and Zanzibar in 1964. Over
the past two decades, Tanzania is in the process of
transformation from a centrally-planned economy to a
market-oriented system through the implementation of
legal, regulatory, and institutional reforms. The
Government encourages private sector-led growth through
restoration of market forces and reduced state
interference in economic/commercial activities. Overall,
the reforms have resulted in an impressive
macro-economic stabilization that led to positive
growth, with inflation rates falling from 27.4% in 1995
to about 5.6% in 2005/06. Real GDP growth has averaged
more than 6% during the last six years. Tanzania’s most
interesting sectors in terms of investment opportunities
are Agriculture, Agribusiness, Mining, Leather
processing, Manufacturing, and Tourism.
On the basis of the complementarities between the
Italian and Tanzanian economic systems, and in
accordance with the Tanzanian Investment Centre, in 2008
ITPO Italy decided to focus its promotional efforts in
Agribusiness and Leather and Footwear by selecting 15
investment projects to be directly proposed to the
Italian business community by a Delegate from the
Tanzanian Investment Centre (TIC), Mr. Daudi S. Riganda.
During the two-month stay of the Delegate, several
Italian companies and institutions expressed their
interest in the Tanzanian projects, especially in meat
and leather processing, and in coffee and tea, where
ample development opportunities exist for Italian
companies willing to explore new markets. Furthermore,
the Delegate took advantage of many significant meetings
with Italian organizations such as Assocarni,
Assolombarda, CONFAPI, Altromercato, Toscana Promozione
and Ge.Fi Milano, to promote his projects. He also had
the chance to visit many companies in the leather
districts of Arzignano and Santa Croce sull’Arno.
In conclusion, this mission of the Tanzania Investment
Centre Delegate in Italy gave it the occasion to
establish a first contact with leading industrial
associations in the country and spread information about
the Tanzanian investment climate/legislation and
opportunities in Italy: the Delegate also established
precious institutional linkages with the intention, in
future, to participate in European co-financed
cooperation programs. |
