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Top leaders weary of business barriers

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Orton, Jul 19, 2012.

  1. O

    Orton Guest

    Jul 19, 2012
    Joined: Jun 4, 2010
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    [FONT=&amp]By Orton Kiishweko[/FONT]

    [FONT=&amp]Business leaders have described power, roads, corruption, water, level of tax and finance as the leading impediments to investing in the country, according to a new business perceptions report.[/FONT]

    [FONT=&amp]The report, ‘Business leader perceptions of the investment climate in[/FONT] [FONT=&amp]Tanzania – 2011' highlights that problems including a lack of available water, usually viewed as a common resource, joins the list of creating barriers to business, and becoming a greater priority for the business leaders too.[/FONT]

    [FONT=&amp]In their responses, the Business leaders urge government structures to improve its investment climate in order to attract more investors .[/FONT]

    [FONT=&amp]The Minister for Finance and Economic Affairs, Dr William Mgimwa said that some of the things the report raises have been given particular focus by the 2012/2013 fiscal budget currently being debate in Parliament.[/FONT]

    [FONT=&amp]It is important to remove those structural and non structural bottlenecks," he said.[/FONT]

    [FONT=&amp]He said the government has set 4.5trn/- as capital investments to stimulate energy, road and water infrastructure.[/FONT]
    In the report, business leaders were asked about enabling environment factors that are important to their business, factors that make it difficult to do business, non-tariff barriers that are relevant to their business, non-tariff barriers that cause problems for their business and their perception of whether and, if so, how, government is addressing each factor.[/FONT]