Tanzania attracted 560 investors from around the world in the past year to pose a 23.3- percent increase upon the previous 12 months, according to the figures released in Dar Es Salaam on Wednesday by the Tanzania Investment Center.

The investment center attributed the increase, up from 454 investors in 2004, to sound investment policies and environments in the country.

The newly-appointed executive director of the Tanzania Investment Center, Emmanuel Ole Naiko, sorted out manufacturing, tourism and mining as the sectors most attractive to foreign investors in the past year.

But erratic electricity supplies in the east African country still remained an impediment that must be overcome to help the country woo more investors, according to Ole Naiko.

"Many complain not only about the high price of electricity but also erratic supply," said Ole Naiko who replaced former executive director Samuel Sitta who has been promoted to chair the country's parliament.

The investment center has just started a power crisis study in the hope of coming up with practical options. The study is expected to complete before the end of this year.

Source: Xinhua