Mixed views greet Tanzania’s regional business expansion plan

Mchechu pic

Treasury Registrar Nehemiah Mchechu addresses media editors in Dar es Salaam on July 15, 2024. PHOTO | CORRESPONDENT

Dar es Salaam. The government’s announcement of a strategy to enable public institutions and corporations to invest outside Tanzania has prompted mixed views from economists and industry experts.

The initiative, outlined by Treasury Registrar Nehemiah Mchechu, aims to expand industries such as banking beyond the country’s borders and establish a firm regional and international presence.