Dar es Salaam, Dec. 6 -- THE government plans to amend the Public Private Partnership (PPP) Act to entice local investors to cooperate with foreign investors.

The Deputy Minister of Finance and Planning, Mr Hamad Chande said in Dar es Salaam at the weekend that the initiative aims at fostering stable, predictable policies needed for enticing investors for creating more jobs and growing the economy.

For example, the PPP Act has a clause requiring local investors wishing to enter into joint ventures with foreign investors to have a capital of more than 10bn/-.

“We have seen this setback and my hope is that this will be amended in the next parliamentary seating,” he said.

Mr Chande said this on Saturday in a press briefing du...