EPZA Director General Col. (retired) Joseph Simbakalia said at a CEO Round Table Tanzania (CEOrt) meeting last week that Cumulative investment value to date has now reached $1.3 billion (Tsh.2.8 trillion) since its inception in 2008. He then added that the 140 EPZA members registered have gotten a total of $ 1.2 billion (Tsh.2.6 trillion) earnings in forex in the period under review.
He retorted that the authority was adequately prepared to cooperate with the private sector to in order to attract more investments and speed up the process of industrialization.
He added that the investment opportunities in the period under review, have created 36,227 job opportunities for Tanzanians.
When the initiative was established foreign exchange earnings was just $22 million (Tsh.48.4 billion) but this has shot-up to $1 billion accumulatively, translating to about $200 million (Tsh.440 billion per annum. This is according to the EPZ boss.
“The government has no plans to set up industries but rather put in place favourable environment for the private sectors to establish factories,” he added.
