DAR ES SALAAM: MALAYSIA has pledged support to Tanzania in attaining digitalisation by integrating cutting edge technologies including Artificial Intelligence (AI), Big Data Analytics and Information Communication Technology (ICT) in all economic sectors.
Speaking during the Malaysia-Tanzania Tech Symposium on Thursday in Dar es Salaam, Vice President of the Malaysia Digital Economy Corporation (MDEC) Mr Wan Wan unveiled that Tanzania is among nine countries picked by Malaysia in its new scheme of exporting digital services through Foreign Direct Investments and partnerships.
The list of the new investment scheme includes other countries such as Kenya, the United States (US) and Brazil.
“We will ensure technological solutions are well filtered to address specific challenges in various economic sectors,” he said.
Mr Wan detailed that Malaysia tech companies are considering to invest in key Tanzania’s sectors such as finance and agriculture sectors so as to increase efficiency thereby accelerating the East African country’s ambitious efforts towards attaining a cashless economy featured with modern farming.
On supporting Tanzania’s reforms in tax payment, he said he was optimistic that Malaysian tech companies will bring digital solutions that can further prevent tax evasion and allow instant payment of tax to all businesses in the country.
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Also, he said Malaysian companies eye to invest in advanced network connectivity and creative technologies among other areas.
He said the presence of Malaysian tech companies will also enable Tanzania’s small and medium companies to gain new technologies and improve production by leveraging the vast experience of their Asian counterparts.
Mr Wan said Malaysia has a long standing experience in digital development by having about 300 tech companies, with some of the operating globally.
He said so far five Malaysian companies have showcased interest to invest in Tanzania with the Malaysia-Tanzania Tech Symposium aimed to explore more economic opportunities in Dar es Salaam for investment.
The symposium was organized by the Tanzania Investment Centre (TIC).
For her part, Director of Meraque, Ms Suria Affandi said their company which based Malaysia ventures in farming solutions expects to uphold Tanzania efforts in agricultural modernization by adopting emerging technologies like use of drones, robots and AI.
She said digital solutions are also important in enabling farmers to access new markets and farming information.
She said modernization of agriculture is poised to substantially boost the country’s economy as the sector currently employs over 50 per cent of Tanzanians.
TIC’s Foreign Investment Promotion Manager, Mr Daudi Riganda assured all Malaysian investors of the friendly business climate as the government under President Dr Samia Suluhu Hassan has continued to put in place supportive economic infrastructures including sufficient electricity generation through the Julius Nyerere Hydro Power Plant (JNHPP).
JNHPP is expected to add about 2115 Megawatts to the National Grid, a situation will result in Tanzania having excess power to cater for households and industrial uses.
Moreover, Mr Riganda said tremendous incentives from TIC await Malaysian investors due to the new Tanzania Investment Act of 2022 which offers exemption of capital goods to the business owners and non-fiscal incentives such as protection of their projects.
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