The Tanzania Investment and Special Economic Zones Authority (TISEZA) has met with more than 100 investment sector service providers with the aim of formalizing them and increasing the quality of the services they provide to investors.
Speaking in Dar es Salaam, the Executive Director of TISEZA, Gireald Teri, said that the meeting aims to build close cooperation that will help strengthen transparency, efficiency and professionalism in serving investors who start projects in the country.
“When many investors come to do business with investors in the country, they use various cadres of service providers here in the country to find lawyers who help them register companies, find land to set up their factories, keep accounts correctly, pay taxes, etc.”
He said that this action will help to protect the image of Tanzania as a safe country for investment by eliminating fraudulent practices and identifying dishonest service providers.
“We as TISEZA are calling them to formalize them so that we can cooperate with them more closely but also to ensure that we can protect professionalism in the area of serving investors and to ensure that the services that go to investors bring a good image to our country but also to leave those who were bothering and defrauding them”, said Teri
He has explained that the service providers will be given certificates and licenses for a specific period to ensure that they adhere to ethics and professional standards in their work.
“We conduct seminars for them, we give them certificates and licenses to watch them for a period of one year and we teach them how to provide services to investors to avoid investors using people who are fraudsters at the end of the day they pollute and destroy the image of Tanzania as a safe place to invest”
For his part, a stakeholder of the conference, Mathias Mhina from the Law Office of FIN & LAW, said that the formalization will increase the confidence of investors and help keep the costs of services in open competition, a situation that will facilitate decisions to invest in the country.
And TISEZA’s facilitator, William Karage, said the plan is part of efforts to improve the business environment and attract more capital, a step that will stimulate employment, increase Government revenue and promote the national economy through productive investment.
