Land Bank guidelines ready, says TIC

Guidelines that will make the Tanzania Land Bank functional are expected to be ready early next year, says the Tanzania Investments Centre (TIC). 
 
TIC is currently preparing guidelines to make it a fair exercise so that questions don’t arise subsequent to giving out the land, according to the Centre’s Manager for Public Relations, Ms Pendo Gondwe.
 
She told the ‘Daily News’  that the government has already given them over 63,000 hectares of land in Morogoro Region and over 47,000 square metres of land for hotel construction in Arusha. 

However, she said that that was still “a small chunk” andthey expect to secure land for the Land Bank in every region. 

 “We need land for investors in every region and we are working on guidelines on how to distribute the land to both local and foreign investors.

“The reason for carefully preparing guidelines for the exercise is because We don’t want it to be problematic to both the local and foreign investors who will be offered the land,” she said.

She was non-committal on the number of people or organisations which have so far applied but noted that many investors have applied, both local and foreign. 

She noted that most of the investors who have applied for land are in food production and a few in real estate at Kigamboni area.
Source: The Daily News, http://www.dailynews.co.tz, reported by Orton Kiishweko in Dar es Salaam 

Share on Google Plus

About Abduel Elinaza

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.