CPA Africa Region sign MoU to bring Indonesia investment to Tanzania 

The Commonwealth Parliamentary Association (CPA) Africa Regional Secretariat has signed a Memorandum of Understanding (MoU) with the Indonesia Exim Bank (LPEI) and WIKA Construction towards the financing and construction of a new US$33m five-star hotel in Dodoma, Tanzania as an investment vehicle for the Africa Region.

The CPA Africa Region, through its investment vehicle, Commonwealth Investment Company Limited (CICL), have signed the MoU with PT Wijaya Karya, a Jakarta-based construction company linked with Indonesia Exim Bank to explore the construction project for the new five-star hotel in Dodoma.

The CPA Africa Regional Secretariat intends to secure additional financing from the Indonesia Exim Bank and, with its accumulated subscription fees, to invest in the high-end hospitality industry. The MoU is the initial step after a pre-feasibility study was conducted that showed positive indicators in the intended investment.

The Coordinating Minister for Maritime Affairs and Investment, Hon. Luhut Binsar Pandjaitan led a delegation from Indonesia to Tanzania on behalf of the Indonesian Infrastructure Task Force for Africa and the delegation met with the East African Community and with the Tanzania Minister of State for Investment, Hon. Angela Mbelwa Kairuki as well as meeting with the CPA Africa Region to sign the MoU.

The CPA Africa Regional Secretariat has its headquarters in Dodoma, Tanzania and the CPA Africa Region has 63 CPA Branches (18 national CPA Branches and 45 Subnational CPA Branches). The Gambia recently became the 64th CPA Branch in the Region after its formal admission to the CPA. Each of the nine CPA Regions within the Commonwealth Parliamentary Association has its own Regional Secretariat.

-Ends-

Updated 6 January 2020/CPAHQ.

The Commonwealth Parliamentary Association connects, develops, promotes and supports Parliamentarians and their staff to identify benchmarks of good governance and the implementation of the enduring values of the Commonwealth. The CPA is an international community of around 180 Commonwealth Parliaments and Legislatures working together to deepen the Commonwealth’s commitment to the highest standards of democratic governance. 
 
For further information about the CPA, please contact:

Commonwealth Parliamentary Association
CPA Headquarters Secretariat 

T: +44 (0)20 7799 1460
Email hq.sec@cpahq.org
For media enquiries, please contact communications@cpahq.org