The Tanzanian Investment Forum, April 2008
On 17th April, 2008, DMA managed the First UK/Tanzanian Investment Forum. Over 200 delegates attended the UK Tanzania Investment Forum at Savoy Place in central London. The Tanzanian Government, represented by its Vice President, key ministers, Central Bank Governor, investment centre and major businesses came to the UK for the purpose of engaging with the investment community from the UK, Ireland and mainland Europe.
Programme for the day, 17th April, 2008:
8.30am - 9.00am
Delegate registration & refreshments
9.15am - 9.30am
Chabaka Faraji Kilumanga, Deputy Tanzanian High Commissioner to the UK to welcome the Minister for Trade and Industry, Hon Dr Mary Nagu
Hon Dr Mary Nagu, Minister for Trade and Industry to welcome delegates to the Conference and the launch of the Tanzania Investment Report 2008
9.30am - 11.00am
Opening plenary session: Infrastructure development
In addition to its considerable tourism opportunities and rapidly growing business services industry, major private sector participation is being sought for infrastructure development, including power generation and distribution projects and road building with possible collaborative projects to be undertaken by international construction firms with the support of the World Bank and the African Development Bank (ADB). This session frankly covers some of the pressing infrastructure issues that challenge business and outlines the government's committed and strategic responses.
- Chair – HE Anne Barrington, Irish Ambassador to Tanzania
- Professor Benno Ndulu, Governor of the Bank of Tanzania, outlines how Tanzania's Central Bank is positioned to promote Foreign Direct Investment (FDI) in infrastructure development, mineral exploration, agriculture and tourism development
- Paul Kunert, Direcor, Actis, relates Actis' experience of investing in Tanzania over many years, the prospects for growth and development of infrastructure across the power and transport sectors, and potential investment and partnership opportunities
- Happiness Senkoro, Deputy Director General of Tanzania Ports Authority (TPA), presents a brief history of Tanzania's key strategic position in the region and outlines some collaborative opportunities for the international community over the next five years
- Omar Hafeez, CEO, Citibank Tanzania, examines the factors that makeTanzania an increasingly appealing country for investment and presents contemporary case studies of successful client solutions to working in the country.
30 minute Q & A session
11.00am - 11.20am
11.20am - 1.00pm
Mineral exploration and Manufacturing
Tanzania's land is home to a variety of mineral resources, including gemstones, base metals and precious metals, especially gold. With many of these minerals yet to be mined, the sector's contribution to the country's GDP could more than quadruple to 10% by 2025. Manufacturing contributed an estimated 18% to the Tanzanian economy in 2006, employing nearly a fifth of the population. Private sector involvement is essential in the pursuit of Tanzania's industrialisation, presenting many opportunities for foreign investment across the many industrial sub sectors that constitute the country's industrial sector.
- Chair – Hon Mark Pritchard, Member of Parliament and Executive Council Member, All Party Parliamentary Africa Group, House of Commons
- Mads Asprem, Managing Director of Green Resources, discusses the carbon credit and forestry potential in Tanzania
- William Chiume, Director of Investment Promotion, Tanzania Investment Centre (TIC), is cited as the best investment organisation in the region. TIC's Director of Investment Promotion outlines how TIC has supported investment in industry and what opportunities are available
- Anthony Reinsch, Executive Vice President, Artumas Group, discusses the company's oil and gas exploration and development activities at Mnazi Bay Concession in southeast Tanzania; the status of the Mtwara Energy Project (MEP), an integrated gas-to-power development; and plans for larger-scale off-take developments in the context of Tanzania's evolving role as an ‘energy hub’ for the East Africa region. Mr Reinsch will discuss both the successes and the challenges faced by Artumas Group in realising their objectives in Tanzania.
20 minute Q & A session
1.00pm - 2.00pm
2.00pm - 3.30pm
Introduction of the Chair of the session, Omari Issa, by Atam Sandhu, Managing Director, Developing Markets Associates
- Chair – Omari Issa, CEO, Investment Climate Facility for Africa
- Omari Issa invites Her Excellency, Mwanaidi Sinare Maajar, Tanzanian High Commissioner to the United Kingdom to welcome all to the conference
- HE Mwanaidi Sinare Maajar invites the Vice President of the United Republic of Tanzania, Dr Ali Mohammed Shein to make his key note address
- In his Key Note Address, Vice President of the United Republic of Tanzania, Dr Mohammed Shein, outlines Tanzania's key economic achievements and how it increasingly represents an excellent proposition for inward investment. The Vice-President will chart Tanzania's key achievements examining how the government has encouraged the economy to grow through liberal and competitive economic policies whilst adopting a strong, transparent, anti-corruption agenda. It reviews the latest developments within government in light of its recent restructuring and shows how this measured change can work for the long-term benefit of the FDI community. This session also examines some of the key challenges and practicalities of investing in Tanzania.
- Mark Lowcock, Director General, Country Programmes, Department for International Development (DFID), outlines the UK's role in Tanzania over the past 10 years, emphasising the British government's commitment to support the Tanzanian government's National Strategy for Growth and Reduction of Poverty.
30 minute Q & A session
Vote of Thanks by Mr Ali Mufuruki, Chairman and CEO of Infotech Investment Group of Tanzania
3.30pm - 3.50pm
3.50pm - 5.00pm
Investing in Tourism and the Business Services sector
Tanzania is widely considered to be one of the most stunning countries to visit in Africa. Its world class attractions vary from tropical Zanzibar and its numerous offshore coral reefs, wildlife sanctuaries and reserves including Serengeti and Ngorongoro Crater, and of course the highest permanently snow-capped mountain on the African continent, Kilimanjaro. Now also, A consistently stable political and economic environment is encouraging international firms to establish a business services presence in Tanzania.
- Chair – Ali Mufuruki, Chairman and CEO of Infotech Investment Group of Tanzania
- Blandina Nyoni, Permanent Secretary, Ministry of Tourism and Natural Resources, outlines the rich array of tourism investment opportunities within Tanzania. Mrs Nyoni addresses the key challenges centred around human resources legislation and taxation within the industry and cites examples of some of the country's resounding success stories
- Dr Ahmad Khatib, Executive Secretary, Zanzibar Commission for Tourism, discusses how Zanzibar is finding the right balance between maintaining its pristine environment and ever increasing tourism
- Hon Stephen O'Brien MP, Chair of the British,All Party Parliamentary Tanzania Group discusses the role of the APPG in encouraging private sector investment into Tanzania.
30 minute Q & A session
5.00pm - 5.30pm
Hon. Samia Suluhu Hassan, Zanzibar Minister for Tourism, Trade and Investment, delivers the conference closing speech and invites delegates to the Gala reception.
5.30pm - 7.00pm
Gala reception, sponsored by Citi, for all delegates at Savoy Place