Tanzania Seeks More Malaysian Investors

By Sunday June 19th, 2011 No Comments

PUTRAJAYA, June 19 (Bernama) — Tanzanian President Jakaya Kikwete is hopeful more Malaysians will invest in the country’s manufacturing, mining and agricultural sectors after the Ninth Langkawi International Dialogue (LID) 2011.

He said they were welcomed to explore opportunities in Tanzania’s telecommunication and information, communications and technology sectors.

“Of course we need investments from Malaysia. We can collaborate in many areas,” he told reporters here today after participating in a dialogue on “Innovative Financing for Transformation” held here in conjunction with LID 2011 opened by Prime Minister Datuk Seri Najib Tun Razak here on Sunday.

At the session, Malaysia’s Central Bank Governor Tan Sri Dr Zeti Akhtar Aziz delivered a presentation which impressed Kikwete.

He was taken up with the development of Malaysia’s financial system which the President felt should be emulated by the East African country.

“There are so many things (that we can emulate such as) the capital market, how you’ve been promoting small-and-medium enterprises and so on,” he said, adding that such a move was needed as Tanzania was on the development path.

Covering a total area of 945,087 sq km and with a population of 45 million, Tanzania’s economic growth is forecast to grow by 5.8 per cent this year.

The country’s main exports are, among others, gold, sisal, cloves, coffee, cotton, cashew nuts, minerals and tobacco.

Source : Bernama

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