“WE NEED TO PROMOTE INDIGENOUS AND FOREIGN INVESTORS PARTNERSHIP.” Mr. Zachy Mbenna, TPSF Director of Policy, Advocacy and Membership Management.
Tanzania Private Sector Foundation (TPSF) attended the US Trade Mission to Tanzania and Kenya Opening Ceremony that took place in Dar es Salaam, Serena Hotel.
The trade mission between local entrepreneurs and the US trade mission, organized by Equity Bank Tanzania, is among the many tools the lender using to accelerate implementation of the Africa Recovery and Resilience Plan (ARRP).
According to a press statement issued, 10 US delegates representing various institutions are set to engage with the local entrepreneurs, MSMEs and corporate through organized panel discussions, one on one business networking sessions and site visits to businesses in Dar es Salaam and Zanzibar.
Tanzania Private Sector Foundation (TPSF) Director of Policy, Advocacy and Membership Management, Mr. Zachy Mbenna when giving his remarks at the event, he said that for the private sector to remain the engine of the country’s economy, they really needed to work closely with the government in the form of the PPP.
He went on saying that the private sector should not end up entering partnership with the government only, but also within themselves.
Indigenous and foreign investors, he explained, should enter partnerships to make their businesses strong.
“Forming business partnerships between indigenous and foreign investors can shape our businesses and create economic opportunity,” asserted Mr. Mbenna.
He also called for the policies that will be promoting an enabling business environment for entrepreneurs, SMEs to be precise.
“SMEs are more flexible than large scale firms. This could be evidenced during the Covid-19 when they were flexible in turning to businesses related to the pandemic,” observed Mr Mbenna.
One of the panelists for the United States Trade Mission to Tanzania and Kenya, which is now taking place at the Serena Hotel Dar es Salaam, is TPSF Board Director Mr. Octavian Mshiu, who serves as the head of the service cluster and the CEO of Open Sanit Industries. The topic of the dialogue is “Doing Business in Tanzania.”
During the panelist discussion he spoke upon food security and he said that, “Production of enough food in Tanzania requires the coordination and involvement of the whole agriculture value chain. We must start with support to farmers and farming, to agriculture mechanization and thereafter storage and harvest management to ensure the materials produced reach the factories “
“We must find ways of exploiting the vast land in Tanzania, to tackle the problem of food security” Octavian Mshiu