Interest shown by Singaporeans for the Export Processing Zones Authority

The visiting Singaporeans have expressed interest to invest particularly under the Export Processing Zones Authority (EPZA) managed Export Processing Zone (EPZ) and Special Economic Zone (SEZ) programs.

“My company deals with agricultural pesticides and I’m looking for a place here to do repackaging and distribution to the neighboring countries’ markets,” said the Chairman and Technical Director of Asiatic Agricultural Industries Pte Ltd, Mr Chan Chek Chee, in Dar es Salaam. Mr Chee said his company was doing good business in Tanzania, arguing that the envisaged establishment of the repacking centre in the country was to complement the existing business and turn Dar es Salaam into its East and central African business hub. EPZA Investment Promotion Manager Grace Lemunge and her counterpart for Investment Facilitation Lamau Mpolo, presenting the available business opportunities to the visiting investors, encouraged Singaporeans to expand their businesses to Tanzania and enjoy the business incentives on offer.

“You are all welcome to set up businesses here and enjoy the unrivaled business incentives offered,” Mr Mpolo convinced the Singaporeans. Ms Lemunge, in her presentation, said investors under EPZ/SEZ programs were entitled to fiscal and non fiscal incentives and invited the visiting investors to invest in infrastructure development, manufacturing or service provision. The arrival of the strong business delegation from Singapore is linked to President Kikwete’s tour of Japan and Singapore early last June to lure prospective investors from the highly industrialized Asian nations. Its objectives are to attract and encourage transfer of new technology, attract and promote investments for export led industrialization, create and expand foreign exchange earnings as well as increase employment and develop skilled labor.