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Tanzania Invites Oil And Gas Investors From Angola

Tanzania Invites Oil And Gas Investors From Angola

By Beatrice Philemon |From The Guardian via IPP Media

The government has invited oil and gas investors from Angola in a bid to promote business links between two countries and consolidate the bond of friendship between the two nations.

The invite was extended by Minister for Foreign Affairs and International Co-operation, Bernard Membe during the occasion to mark the 39th anniversary of the independence of Angola that was held in the city recently.

“I take this opportunity to invite more Angola investors, especially in oil and gas sector and I also urge responsible institutions for the promotion of trade from both countries to undertake appropriate measures in an attempt to boost economic growth of our two countries,” he said
According to Membe, Tanzania will continue working closely with the Government of Angola in cementing and enhancing closer ties for mutual benefit of our nations and their people.

“Investors willing to establish businesses in Tanzania, presently we have TIC- a one stop centre that coordinates and promotes investment for both local and foreign investors,” he said.

“The centre is there for you, welcome and utilize it. At the moment Tanzania is recognized worldwide as one of the best destinations for investment,”  he said.

On security for Investing in Tanzania, he said investments in Tanzania are guaranteed against nationalization and expropriation. Tanzania is signatory to several multilateral and bilateral agreements on protection and promotion of foreign investments, he said.

Among them are the Multilateral Investment Guarantee Agency (MIGA) and International Centre for Settlement of Investment Disputes (ICSID).

Read more at IPP Media