Not sure of the source, as borrowed from the EDL bb18 Mar 2021 09:05
Next president vowed better relations with investors in mining
Only last month, the Vice President, soon to be president promised better relations with private sector and foreign investors:
The Vice President says the relationship between the government and the private sector will remain friendly, with a view to taking the mining sector to the next higher level for mutual benefits
The government yesterday promised a new chapter in relationship with the private sector as it continues to push for the win-win situation.
Vice President Samia Suluhu Hassan, who was the guest of honor, said the government would keep on embracing the win-win situation.
She said Tanzania had a political will to work with investors and that the government would continue to provide its much-needed support to the private sector.
“We are committed to creating a conducive business environment to not only large-scale miners, but also small-scale miners for them to graduate to middle and eventually large-scale,” she vowed.
Citing the amendments to the Mining Act, 2017, she said: “Our aim was not to hurt investors, but to create an environment whereby both the government and investors will benefit from investment.”
Tanzania overhauled mining-related laws to secure a bigger slice of the pie from its vast mineral resources that include Tanzanite, graphite, diamonds and other rare earth minerals.
Yesterday, the Vice President said it was the responsibility of the government to ensure that the mining and processing of minerals activities went smoothly for all industry’s players to benefit from the sector.
Ms Hassan welcomed investors to come and invest in Tanzania in the form of partnership with the government.
“We still have abundant untapped potentials that need investors to invest in,” she asserted.
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