The Minister of Finance Dr. Mwigulu Lameck Nchemba (pictured left) has extended an invitation to Italian investors, urging them to take advantage of Tanzania’s favorable investment climate.
He emphasized the potential for Italian capital to be invested in various economic and social projects that could drive growth and create employment opportunities in both Tanzania and Italy.
During a meeting with the Italian Ambassador to Tanzania, H.E. Giuseppe Sean Coppola, at the Ministry of Finance offices in Dar es Salaam, Dr. Nchemba highlighted the incentives introduced by the Sixth Phase Government, under the leadership of President Samia Suluhu Hassan.
He called on Italian private sector players to collaborate with the Tanzanian government, particularly in projects such as the Standard Gauge Railway (SGR), which is pivotal to the country’s infrastructure development.
Ambassador Coppola praised President Samia for her excellent management of the economy and her efforts in driving national development.
He specifically lauded the establishment of a commission aimed at addressing tax challenges, noting that its recommendations are expected to boost business and investment in Tanzania.
The Ambassador reaffirmed Italy's commitment to continuing its cooperation with Tanzania, particularly in the agricultural sector, by supporting the development of the coffee value chain.
He also highlighted Italy’s longstanding partnership with Tanzania, which has contributed to funding key projects in areas such as water supply, healthcare, vocational training, tourism, the blue economy, and gender equality.
The collaboration between Tanzania and Italy is seen as crucial for advancing both countries’ economic interests, with significant potential to enhance employment opportunities and foster sustainable development across a range of sectors.