Tanzania Aviation Operators pleaded with Zanzibar Government not to enact laws that favor foreign companies in investment prospectsA key driver of aviation industry in Tanzania underscored the importance of the Zanzibar Government to accord foreign and local firms an equal treatment in investment opportunities. DNATA is one of the world’s largest air service providers, offering ground handling, cargo, travel, and flight catering services across five continents. At a press conference on February 28, 2023, Zanzibar President, Dr Hussein Ali Mwinyi, said local ground handling companies – Zanzibar Aviation Services & Travel Trade Ltd (ZAT) and Transworld – had operated the airport for 25 years, but the government ended-up getting nothing other than losses. Countries have liberalized their FDIs regimes and pursued other policies to attract investment. They have addressed the issue of how best to pursue domestic policies to maximize the benefits of foreigners’ presence in domestic economies.
Source: Ethiopian News March 13, 2023 21:08 UTC