| Tanzania courts foreign investors for rapid growth | Send to a friend |
| Wednesday, 26 October 2011 08:33 |
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The Citizen Reporter Dar es Salaam. Investors from Japan and other rich countries have been urged to invest in Tanzania as compliment government’s plans to turn the country into an investment hub in the region. The country’s resources also provide ample opportunities to investors, according to the deputy minister for Industries, Trade and Marketing. “We have manpower and raw materials enough to accommodate your needs,” said Mr Lazaro Nyalandu told the new Japanese ambassador to the country Masaki Okada.The minister also thanked the Panasonic Corporation for donating a ‘Life Innovation Container’ (LIC) to Mbola village in Tabora region The container donated by Panasonic is a newly-developed product of Panasonic Cooperation equipped with solar panels, storage batteries and an inverter, which enables non-electrified communities to create and store their own energy. “LIC is a stand-alone power system from Panasonic’s ‘energy creation’ and ‘energy storage’ technologies packaged into the 20ft container to provide electricity to non electrified areas for a better living and sustainable society,” said Hidetoshi Osawa, the Panasonic executive officer. He noted that LIC is expected to be used for audio-visual education, as an Internet kiosk to improve villagers’ access to information.“As it has the capacity to store the electricity generated in daytime and illuminates light at night times,” added Mr Osawa. Mbola Village, which comprises of more than 34,000 residents, is among the 14 Millennium Villages and Panasonic decision to donate the LIC aims at paving way to its vision of becoming No 1 Green Innovation Company by 2018. Add this page to your favorite Social Bookmarking websites           |
