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TANZANIA RECORDS A BIG NUMBER OF INVESTORS IN 2005 January 4, 2006
Apunyu Bonny
(SomaliNet) Tanzania has recorded a 23.3% increase in number of investors in the past year from around the World with 560 investors in figures, released in Dar es Salaam on Wednesday by the Tanzania Investment Center.
Sound investment policies and environments in the country is said to been the reason for the increase up from 454 investors in 2004.
Emmanuel Ole Naiko, the newly-appointed executive director of the Tanzania Investment Center, sorted out manufacturing, tourism and mining as the sectors most attractive to foreign investors in the past year. But erratic electricity supplies in Tanzania still remained an impediment that must be overcome to help the country woo more investors, according to Ole Naiko.
"Many complain not only about the high price of electricity but also erratic supply," Ole Naiko said. The investment center has just started a power crisis study in the hope of coming up with practical options. The study is expected to complete before the end of this year.