From February 21 to March 1, the USAID Hub led a capacity building workshop for the Tanzania Investment Center (TIC) and the Exports Processing Zones Authority (EPZA). Both organizations are tasked with promoting Tanzania as an investment destination and facilitating local and international investment. The Hub-supported workshop presented best practices for attracting foreign direct investment and helped participants develop action plans to address gaps in their respective organization’s operations. By improving the organizations’ investment facilitation and project profiling ability, the organizations will be better positioned to attract and sustain new private sector investment that can support Tanzanian firms’ growth.
The capacity building workshop highlighted the best practices in investment promotion and facilitation exemplified by leading investment promotion agencies (IPAs) such as the Board of Investment Mauritius (BOI), which was cited by the World Economic Forum Global Competitiveness report 2016 as the best performing agency in Africa.
Based on the analysis of their respective organizations by participants against the best practices, action plans were developed to address the identified gaps with various participants taking responsibility for specific areas of action.
“The training workshop has challenged me to think critically about serving investors as clients or customers and focus my investment promotion and facilitation work on meeting their needs. The information we have received here will therefore help us do our jobs better and serve investors better,” said Mr. Innocent Mbena, Senior Investment Facilitation Manager, TIC
“We have just completed our organizational strategic review and this training will help us fill various gaps that were identified in the skills of our staff in implementing the new strategy. We have also recruited several officers who will learn a lot on the best practices of investment promotion. The training could not have come at a better time,” said Mr. Ayub Sizya, Director, Research and Information Systems at TIC.
“We were happy to join the training to get insights on how we can better deliver on our mandate to attract and facilitate investors to invest in our EPZs and SEZs especially with the Tanzanian government’s focus on industrialization. We look forward to more collaboration with the USAID Hub as a partner,” Ms. Grace Lemunge, Investment Promotion Manager, EPZA