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Hilbroy Advisory: Local Economic Growth Projected at 5.1 Percent
Hilbroy Advisory: Local Economic Growth Projected at 5.1 Percent
The country's budget might be affected this year due to economic damages caused by floods with analysts saying there is a need for preparing a mini budget.
Montreal,
Quebec,
Canada
(prbd.net)
03/05/2011
Montreal, Quebec, May 2nd, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: The Tanzania economy is projected to grow by 5.1 percent this year, though the rebounding will depend on increased capital investments.
This is an increase of just 0.6 per cent when compared with the last year's growth, with recent floods, which will cost the nation billions on infrastructure reconstruction and food distribution being a set back to the country's expenditure.
The country's budget might be affected this year due to economic damages caused by floods with analysts saying there is a need for preparing a mini budget.
"Our real GDP growth forecast of 5.1 per cent for 2010 is based largely on a 10.0 per cent increase in capital investment during the year, as businesses look to position themselves to take advantage of a larger domestic market.
However, this is different from the country's own projections. Bank of Tanzania reports show that the economy is expected to grow by 5.6 per cent this year, with agricultural commodities and gold exports making the economy reach those levels.
This is happening while the country has spent about Tsh1.7 trillion to mitigate the impact of the global economic crisis, which affected key sectors of the economy including foreign investments, tourism and agriculture.
However, preliminary reports indicate the economy has started to recover in the areas of tourism, mining and agricultural exports, but analysts say this will depend on the recovery among the developed countries.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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