(3 minutes read)
· The Tanzania Investment Centre (TIC) invited domestic and
foreign investors to invest in developing sugarcane and sugar
processing plantations.
· It has set apart 20,000 ha farm in Kibuye in the Kigoma
region in northwestern Tanzania for this purpose.
The Tanzania Investment Centre (TIC) invited domestic and foreign
investors to invest in developing sugarcane and sugar processing
plantations. It has set apart a 20,000 ha farm in Kibuye in the Kigoma
region in northwestern Tanzania for this purpose. The present move is
triggered by the surge in the country’s demand for sugar and sugar
products. Tanzania’s sugar demand has risen to a meaty 16% in 2019.
In absolute terms, this works to 710,000 tonnes per year, an increase
from 610,000 tonnes in 2018.
Tanzania has also invited investors to set up palm oil farms and
processing centers at the Lugufu farm, a 10,529 ha farmland and the
Basanza farm, a 3,249 ha farmland in the Uvinza District in Kigoma
to overcome the challenge of importing edible oil. The demand for
palm oil in the country is estimated at 600,000 tons.
These fields have already been allocated to the Government through the
leadership of the relevant local government authorities and districts.
