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13 new investors get EPZA nod, Tanzania
13 new investors get EPZA nod, Tanzania

13 new investors get EPZA nod, Tanzania

SERVICES NEWS

TheCitizen.co.tz - Apr 2nd 2014, 13:49

Dar es Salaam. A total of 13 new investors have been issued with licences by the Export Processing Zone Authority (EPZA). 

This comes after five months when the authority issued similar licences to some six new investors.

The EPZA Director General, Dr Adelhelm Meru, issued the Export Processing Zone (EPZ) licences to 13 companies that will operate in EPZA areas at a brief ceremony in Dar es Salaam at the weekend.

“We still need investors, we will work hard toward that objective,” he said.

The new companies will invest a total capital of $62.2 million and create about 3,500 employment opportunities. They are expected to have exports valued at $61.86 million.

Of the 13 companies, six are wholly owned by Tanzanians, while two companies are joint ventures between Tanzania and other foreign countries.

The six companies are Rungwe Avocado Co. Limited, Basaliyu Textiles Limited, Polytex Africa Limited, Great African Food Company Limited, METL Motors Limited, and METL Processing Limited.

Other companies with origin of ownership in brackets are Amama Farms Limited (Sweden/Tanzania); Alkafil Company limited (Oman); Fides Tanzania Limited (Netherlands) and Tansan Investment Limited (Turkey/Tanzania).

Others are Wuzhou Investment Limited (China); Diamond Peal Company Limited (Pakistan); and Super Power Soap Industries (India).

“It is good that six companies are owned by Tanzanians,” Dr Meru said, adding that the high number of Tanzanians in investment activities will help spur the economy.

He said that of the companies that received certificates, seven deal with processing agricultural products, a thing he said was very positive for the country.

Dr Meru emphasised that all countries that have achieved significant development have a strong base of industries and that Tanzania should follow suit.From TheCitizen.co.tz  

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