Tanzanian minister calls for equal business opportunities in regional blocs

Tanzanians should have equal opportunities to invest in the region’s partner states as their counterparts in Kenya, Uganda and other countries do, the country’s East African Cooperation minister Samuel Sitta said here on Tuesday.

Wednesday, May 09, 2012

Tanzanians should have equal opportunities to invest in the region’s partner states as their counterparts in Kenya, Uganda and other countries do, the country’s East African Cooperation minister Samuel Sitta said here on Tuesday. "It is annoying to see Tanzanians prohibited to invest in the EAC partner states, while neighboring Kenyan lead in investing in our country...the national committee should come up with a proposal to promote equity,” said Sitta. The minister underscored the need for the government to review the current Capital Markets and Securities Act to enable Tanzanians to invest in the region’s partner states while launching the National Committee on Common Market Implementation Protocol. The committee will, among other things, oversee implementation of sectoral strategies, identify market challenges and advise the Tanzanian government on the best ways to tackle them.