BACKGROUND: Dodoma Region organized a two days investors’ forum in Dodoma City in collaboration with other key stakeholders on investment of which Local Investment Climate (LIC) was among the key stakeholders while other main sponsors were UNDP, CRDB, NMB, TCRA, TIC, Dodoma LGAs, TCCIA, etc. Apart from being one of the main Sponsors LIC also was part of organizing committee for the event.
Preparation of the Dodoma Investors forum started towards end of 2018 whereby the region engaged Economic Social Research Foundation (ESRF) From Dar es Salaam to prepare an investment guide of Dodoma of which LIC and UNDP funded the entire work until printing of the Dodoma Investment Guide.
Dodoma Investment forum was therefore held in Dodoma for two days, that is 27th and 28th June, 2019 at Jakaya Kikwete Convention Center and attended by rore than 300 participants and officially launched by Prime Minister HE Kassimu Majaliwa.
PURPOSE OF THE FORUM:
The forum was basically aimed at promoting Dodoma being a strategically located City for investment and business but using an opportunity of entire Central Government shifting Dodoma as an attraction for business opportunity.
THEME OF DODOMA INVESTMENT FORUM:
Dodoma Investment forum had the key theme saying “Dodoma an emerging economic avenue in Tanzania, Invest for your prosperity”.
The theme was decided by the event preparation committee basing on strategic location of Dodoma region (Center of Tanzania) of which now being reached from nearby region through tarmac roads. Also Dodoma being capital City and now all Central Government activities being transferred to Dodoma and therefore providing an opportunity for investment and business taking into consideration that government is major consumer of different goods and services.
THE EVENT – DODOMA INVESTMENT FORUM:
The event was held for two days that is 27th and 28th June, 2019 at Jakaya kikwete convention center in Dodoma, attended by more than 300 participants. The event was officially launched by prime minister HE. Kassim Majaliwa accompanied by 5 Ministers, that is Minister from President Office – Region Administration and Local Governments, Minister of Agriculture, Minister of Industry and Trade, Minister from Prime Minister’s Office – Investment and Deputy Minister – Labour.
Day one: Apart from official launching day one had some key presentation on;
Later on the participants got an opportunities to hear successful cases of investors from Dodoma which were presented by Director of CETAWICO – a wine processing plant with a well know brand of “presidential wine” and Managing Director from Magin Co. Ltd processors of sunflower oil from Kondoa District. The two presenters gave successful stories of their investments and good support they have been receiving from Dodoma Government and indication of supportive business environment.
Later on participants were asked to select themes on parallel sessions which were aimed at giving participants to narrow down on specific interested areas of investment and following were key thematic area for apparel sessions;
Participants got more insight on the above key areas for investment in Dodoma of which individual questions and clarification were responded in details and the parallel sessions also lead to individual Business to Business discussion in specific arranged rooms.
For both days the forum also provided an opportunities outside the main hall for display booths for services and products available in Dodoma where participants got an opportunity to see products and get services from different government institutions and private businesses e.g. LGAs Booths, TRA, TCRA, BRELA etc.
Day two of the forum was planned for execution, where participants got an opportunity for field visit to actually see possible avenue for investment in Dodoma. The participants were requested to select areas to visit based on their interests. The field visit involved the following areas;
LOCAL INVESTMENT PARTICIPATION:
LIC being a key stake holder in promoting investment and conducive business environment in Dodoma Participated full in preparation of the Dodoma investors forum by being part of the preparation committee from the beginning and also fund for preparation of Dodoma Investment guide and entire investors forum. LIC project contributed more than 30 million Tsh. In supporting the entire preparation of Dodoma investors forum and in recognition to that LIC received a certificate from Dodoma Regional Commissioner which was handled over to LIC Deputy Team Leader by Prime Minister during launching of Dodoma Investors forum.
CLOSING OF THE FORUM:
Dodoma investors’ forum was ultimately closed by HE. Mizengo Pinda retired former Prime Minister on 28th June, 2019 after the field visit by the participants and getting feedback from prospective investors. In his closing remarks Hon. Pinda commended the region team and key sponsors for successful event but also insisted to the regional leader in making much better environment for investment in Dodoma for investment. He also insisted on supporting existing local investors so that they grow and contribute to the local economy of Dodoma. He also asked the Dodoma Regional Commissioner on making sure they put up strategies to increase water supply to carter for increasing population of Dodoma.
PRELIMINARY OUT COMES OF THE FORUM:
The forum assisted in stimulating potential investors who wants to invest in Dodoma immediately and includes local investors, foreign investors and joint ventures, some who showed interest during the forum and started prior processes includes;