DAR ES SALAAM, June 3 -- THE government, through the Executive Committee of the Tanzania National Business Council (TNBC), has resolved to establish an International Financial Centre (IFC) aimed at attracting local and foreign investment, increasing access to capital, stimulating economic growth and creating employment opportunities for Tanzanians.

Speaking after the 38th Executive Committee meeting of TNBC held at the State House in Dar es Salaam yesterday, Chief Secretary and Committee Chairman, Ambassador Dr Moses Kusiluka, said the decision was driven by the need to further improve the countrys business and investment environment.

He noted that the government has been listening to concerns raised by the private sector, and remains c...