Joseph Isangura
Deputy Prime Minister and Minister for Energy, Dr. Doto Biteko, has urged investors to explore opportunities in Tanzania’s Kagera Region, emphasizing its unique geographical advantages and economic potential.
Speaking during the second regional investment festival, held as part of the “Ijuka Omuka Week” (Remember Home) celebrations, Dr. Biteko highlighted the region’s strategic location and abundant resources, making it an attractive destination for both local and international investors.
“My appeal after this meeting is for others to come and invest, utilizing the opportunities presented by the geography of this region,” Dr. Biteko said.
Kagera Region, situated in the northwestern corner of Tanzania, borders Uganda, Rwanda, and Burundi, placing it at a pivotal position within the East African Community. The region is also home to Lake Victoria, the world’s largest tropical lake, which provides vast potential for fisheries and water-based industries.
The Deputy Prime Minister pointed to agriculture, fisheries, tourism, and infrastructure as key sectors that investors should consider. Kagera’s fertile soil and favorable climate make it ideal for cultivating crops such as coffee, bananas, and tea. Investing in modern farming and agro-processing technologies could significantly enhance productivity and add value to the region’s agricultural output.
The fisheries sector also presents lucrative opportunities, with Lake Victoria offering a wealth of resources for fishing and aquaculture projects. Similarly, Kagera’s rich cultural heritage and natural attractions make it a prime location for eco-tourism and hospitality ventures.
In addition to resource-based opportunities, the Deputy Prime Minister emphasized the importance of infrastructure development. Improved transportation, energy, and communication systems could transform Kagera into a regional trade hub and improve living standards for its residents.
The investment festival, a key component of “Ijuka Omuka Week,” serves as a platform to showcase the region’s potential and attract stakeholders. The week-long event includes exhibitions, cultural performances, and forums aimed at fostering partnerships between the government, private sector, and local communities.
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Dr. Biteko’s call aligns with Tanzania’s broader strategy to promote balanced regional development and economic diversification. The government has prioritized creating an investor-friendly environment, with initiatives to improve infrastructure, streamline regulations, and provide support through institutions like the Tanzania Investment Centre (TIC).
By tapping into Kagera’s resources and leveraging its strategic location, investors have the chance to play a significant role in the region’s economic growth while enjoying promising returns.
As the festival draws to a close, the message is clear: Kagera is open for business, and the government is committed to supporting investors ready to contribute to the region’s transformation into a vibrant economic hub.
