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.
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
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