“Tanzania is a Good Investment Destination Long Term” says Godfrey Mramba

Godfrey Mramba, Managing Partner and CEO at Basil & Alred, shares a message with outside investors considering investing in Tanzania.

“Come to Tanzania and invest here without hesitation. At the moment, there is some hesitation. The environment is unstable because we just had elections last year and there is a new president. There are a lot of changes happening. Some of the investors are skittish and are waiting to see what happens, but as a person who has been in Tanzania and operating in Tanzania, I would encourage them to not ignore this country. They have to do their research and be comfortable with what they see and the risk they are going to take, but long term, Tanzania is still a good investment destination. Also, as a country, we have to be aware of what is happening around us. Our neighbors are still fighting, still going for the same investors and they are doing certain things that may be more attractive to the same investors. We need to take note of that and adjust accordingly”, says Godfrey Mramba.