Enyoy: Australian mining firms flocking to Tanzania

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By Alfred Zacharia @azacharia3 azacharia@tz.nationmedia.com

Dar es Salaam. The number of Australian mining companies in Tanzania has hit 16 and most of them are in different levels of completing their registration before launching their operations in the country.

The Australian High Commissioner to Kenya, Rwanda, Tanzania and Uganda, Ms Alison Chartres, said the companies are mainly of both medium and large sizes.

Ms Chartres revealed this on Thursday night during a meeting that brought together over 50 business people from various nations in Tanzania to share business experiences and opportunities.

“The Australian economy is largely driven by the mining sector, so we are good in expertise, experience and capital that’s why most Australian companies operating in Africa are from this sector,” she noted.

According to her, more business people are eying renewable energy, financial technology and agriculture.

“People from my country are impressed and confident with the Tanzanian way of doing business. They see a strong political will for investments,” she noted.

According to her, business environment was somehow tough, but she is happy with on-going amendments of all legal obstacles.

The event was organised by the Hyatt Regency Hotel, The Kilimanjaro, with 55 delegations from Australia, New Zealand, America and Tanzania, including some ambassadors attending the occasion.

General manager of Hyatt Regency Hotel Garry Friend organised the event so that the business community can meet and exchange their business experiences and share the opportunities available.

Mr Friend said the event will be organised annually, but did not tell the specific dates.

Source: thecitizen.co.tz