M a r k e t N e w s

Tanzania: Govt Asks LAPF to Invest in Industries to Boost Growth

Posted on : Tuesday , 7th February 2017

The government has called on the Local Authorities Pension Funds (LAPF) to embark on investment activities with huge impact on creating more jobs and contributing to economic growth.

 
The Minister of State in the President's Office, (Regional Administration and Local Governments), Mr George Simbachawene, made the call after inaugurating the new LAPF board of directors in Arusha at the weekend.
 
"It is high time that LAPF embark on investment opportunities particularly in the industrial sector in order to generate more employments to the people for improved living standards," he said.
 
Industrialisation forms a fundamental platform of the fifth phase government plans of undertaking economic transformation. He said the pension fund should join forces with the government in turning around the country's economic fortunes by investing in the industrial sector.
 
He instructed LAPF to ensure retirees get their rightful benefits on time. He said the board members should avoid conflicts and instead should stick to the laws and regulations governing the fund for the benefits of the members and the country in general.
 
"The new board is comprised of elites that give assurance to leading the fund professionally in close collaboration with the management," he said. Earlier, the new board chairman, Prof Faustine Bee, thanked President John Magufuli for appointing him to lead the board that comprises of seven members.
 
Other board members are Rehema Kilonzo, Suleiman Kikingo, Henry Kabatwa, Cornelius Kariwa and Tumaini Nyamhokya.

Source : allafrica.com
-->
Featured Companies
  • Dantal Hydraulics Pvt. Limited
  • /
  • Bronx International Pty Ltd
  • Adekom (Asia Pacific) Limited

Complete List  

Advertisers in previous issue:

  •  Static Control Components is the world
  • Best Choice International Trade is one of the leading tyre exporter in China, and a major supplier of tyres and engines in Beijing Municipality.
  • JNBK Corporation is a trusted leading manufacturer for top quality brakes with a widest range of products covering main applications for Japan, Europe & Americas.
  • Global Air Freight Solutions for Oil & Gas Shipments.
  • Manufacturer of extensive range of clamps, connectors and fasteners.
  • TETRA STRUCTURE company acquired an international reputation for the design and realization of materials intended for the manufacture of concrete elements.
  • SPC "Stroytekh" specializes in the production lines of molding formless (LBF) and house-building factory (DSC).
  • Fiscal Cash Registers and Payment Systems
  •  More than 30000 food and non-food references delivered anywhere in the world.
  • S-Conn becomes the leading designer and manufacturer of RF Connectors, Cable Assemblies and Antenna in Taiwan.
  •  A Monthly Publication for Medical Device Industry
  • Trade Exhibition
  • SFA Group
  • Westlink Electrical & Hardware Ltd. offers a complete line of Electrical Fittings, Switchgear, Power Tools, Lawnmowers, Electric Motors, Geared Motors, Generators Cables, Hardware Items. etc.
  • Ducorr is engaged in the engineering, manufacture & deployment of cathodic protection systems and products.
  • Changzhou Guoshi Vehicle Accessories Co.,Ltd. is proficient in vehicle spare parts manufacturing and has involved a lot of capital, time and resources to make us prominent in this industry.
  • At Beevers Medical Solutions we work to bring peace of mind to patients, family, and caregivers by providing products to ensure patient safety and comfort.
  • We created and manufactured a series of Office System Furniture to meet the increasing market demand.
  •  Sterimed Medical Devices Private Ltd. has been manufacturing Medical Disposable and Surgical Devices to cater to the needs of valuable customers more effectively and efficiently with products of international quality and standard at competitive pric
  • ACTION CONSTRUCTION EQUIPMENT LIMITED (ACE) is India’s leading material handling and construction equipment manufacturing company with over 54% market share in mobile cranes segment.
  • Kohan Journal is the leading magazine for the Textile Floorcovering, Synthetic Fibers and Nonwovens and is published every two months.
  • The Gulf Union Foods Company is one of the key national companies that have a clear contribution to the food manufacturing sector, especially juices and beverages.
  • The Bajaj Group is amongst the top 10 business houses in India. Its footprint stretches over a wide range of industries, spanning automobiles (two-wheelers and three-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance.
  •  The UK
  • Veendeep Oiltek is one of India
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2017 Afrotrade