HOW TANZANIA CAN PULL GLOBAL TECH INVESTORS.
Technology experts yesterday outlined issues that should be implemented in order for Tanzania to attract investment from big tech companies and significantly benefit from the digital economy.
Outlined issues include: increasing market size, grooming more digital experts, having predictable regulations, global citizenship, improving infrastructure, enhancing political stands and centralizing service provision for startups.
This comes amid increasing the big-tech’s interest in the African content shortly after Twitter said it was opening its first African office in Ghana, with Amazon expressing intention to invest $280 million in opening its first African office in South Africa.
The Smart Africa Group’s (SAG) chief executive officer Edwin Bruno said Tanzania’s market size enables investors to make decisions on investment, citing areas like Financial Technology (Fintech).
“Calculations on the market size will enable investors to know possible market share. Through conventions they will project the possible growth rate including expected expenditure in expertise and marketing,” he said, adding: “That is why they prefer markets like Ghana, Nigeria and South Africa to Tanzania.”
SOURCE: THE CITIZEN.