Tanzania is open for business, says Hamad

THE united Republic of Tanzania including Zanzibar has been transforming its economy and investment climate making it one of the most preferable places for business, First Vice-President, Maalim Seif Sharif Hamad, said at the 'Milan Expo 2015' in Italy.

"I would like to welcome investors from Europe to invest in Zanzibar where we have spices and tourism opportunities. We also have natural parks in Tanzania mainland," Mr Hamad said when opening the Tanzania pavilion at the 'Milano Expo 2015.'

He told the gathering that Tanzania mainland and Zanzibar have managed to improve infrastructure and communication and therefore investors from Europe are welcome.

According to a press release, while speaking at the International trade fair which attracted participants from about 140 countries, Maalim Seif mentioned Zanzibar's historical stone town, Mt Kilimanjaro and virgin beaches as other tourist attraction areas.

"In Tanzania, we are happy to have more natural resources like the recently discovered oil and gas and enough land for agriculture. I invite investors to come to Tanzania," Mr Hamad said as he thanked Italy for inviting Tanzania to take part in the 'Expo 2015.' Mr Hamad leads Tanzania delegation to Italy on behalf of the Union Vice-President, Dr Mohamed Gharib Bilal, who was supposed to attend trade events, but had to cancel because of busy schedule in the country.

The Milan Expo 2015 theme is "Feeding the Planet, Energy for Life," as a way of promoting global dialogue about the future of our food system. About 140 countries are participating in 'Milan Expo 2015' and over 20 million visitors from around the globe are expected.

Members of the Presidential delegation include: Mr Nassor Ahmed Mazrui (Minister of Trade), Mr Haji Mwadini Makame (Deputy Minister of Energy), Ms Zahra Ali Hamad (Deputy Minister for Education), Mr Hamad Masoud Hamad (Member of Zanzibar House of Representatives from Ole) and other executives from the government.