DAR ES SALAAM, 08 February 2019 – A week-long training programme aimed at assisting Tanzanian investment promotion stakeholders in identifying and managing well-planned investment projects for industrial development and undertaking prudent investment decisions concluded today in Dar Es Salaam. The United Nations Industrial Development Organization (UNIDO) provided the training to 20 participants from various Tanzanian investment promotion institutions to enhance their knowledge and skills in the preparation and appraisal of investment projects using its flagship software – Computer Model for Feasibility Analysis and Reporting (COMFAR III Expert) – dwelling on the various stages of preparing feasibility reports as well as the integration of pertinent data for analysis.
Alvaro Rodrigues, UN Resident Coordinator in Tanzania underscored the relevance of UNIDO’s work in support of Tanzania’s path to industrialization and towards becoming a middle-income country by 2025.
“The Government of Tanzania is keen to ensure that the issues of investment promotion are addressed in a manner that is coherent and involves the broad spectrum of stakeholders. As you are all aware, investment in industry, innovation and infrastructure is among Tanzania’s development initiatives to accelerate economic growth, create jobs, reduce poverty and attain the rest of the Sustainable Development Goals (SDG),” Rodrigues said.
“This is why the entire UN family supports and complements the government efforts to ensure ‘TANZANIA SASA TUNAJENGA VIWANDA’ (Tanzania is industrializing now).”
The training was undertaken in the context of the Programme for Inclusive and Sustainable Industrial Development (PISID) in Tanzania implemented by UNIDO with funds earmarked by the Swedish International Development Cooperation Agency (SIDA) for the Economic Growth and Employment Outcome of the Second United Nations Development Assistance Plan (UNDAP II).
In his remarks as guest of honor during the certification ceremony, Anders Sjöberg, Ambassador of Sweden to Tanzania, noted that Sweden could serve as a benchmark for Tanzania in the attraction of Foreign Direct Investments (FDI). He emphasized that “geographical location, workforce, markets, access to finance and patience” can help establish the stable framework conditions required to attract FDI.
Stephen Kargbo, UNIDO Representative in Tanzania, encouraged the participants to provide their newly acquired skills to support domestic micro, small and medium-scale enterprises, especially those lead by women and youth. He also praised UNIDO’s partnership with the Government of Tanzania, noting: “We continue to enjoy productive leadership, guidance and strong cooperation of our line Ministry, the Ministry of Industry, Trade and Investment (MITI), in both the mainland and in Zanzibar.”
Mafuta Bunini, Director of Research, Planning and Information Systems at the Tanzania Investment Centre (TIC), expressed the Government’s gratitude to UNIDO and the Government of Sweden for their timely support.
Forthcoming project interventions will build upon the knowledge imparted on COMFAR to the group of professionals in order to build a concrete portfolio of bankable investment opportunities for further dissemination amongst domestic and foreign investors. The training will be carried out next week in Zanzibar, Tanzania. A follow-up advanced training on COMFAR is also planned for March 2019 in both Tanzania mainland and Zanzibar.
The training participants included representatives from the TIC, the Confederation of Tanzania Industry (CTI), the Small Industries Development Organization (SIDO), the TIB Development Bank, the Tanzania’s Export Processing Zones Authority (EPZA), the Tanzania Agricultural Development Bank (TADB), the MITI, the Tanzania Trade Development Authority (TanTrade), and the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA).
Find out more about the project here.
For more information, please contact:
UNIDO Representative in Tanzania