- To overcome the deficit in edible oil supply, Tanzania is inviting investments in large-scale farming of sunflower.
To overcome the deficit in edible oil supply, Tanzania is inviting investments in large-scale farming of sunflowers. To promote the edible oil industry, the country is also stepping up the supply of raw materials to processing facilities and refineries.
The Tanzania Investment Centre (TIC) is also scouting for investments in several sectors particularly edible oil production, horticulture, dairy industry and Blue Economy. TIC Acting Executive Director John Mnali stated that Tanzania offered excellent opportunities with attractive incentives for investors, particularly in the agriculture value chain.
Incentives offered included both fiscal and non-fiscal incentives such as the 100 per cent capital allowance in agriculture, zero import duty on capital goods and so on. Some of the promising sectors included the value chains of sunflower (edible oil), dairy industry, horticulture, and fisheries.
Tanzania is also seeking investment in setting up of dairy farms, and milk collection centres, establishing milk processing plants, including UHT technologies, and manufacturing dairy equipment and packaging materials.
In the horticultural sector, Tanzania seeks investment in, packaging, processing and sorting of fruits and vegetables, horticultural products storage facilities, value-addition in the fisheries sector by sorting, packaging and processing fish; as well as in producing and supplying farming inputs such as fish feeds and fingerlings.
The Country is focusing on the agriculture sector to drive the economy to semi-industrialised status by 2025. Towards this end, Tanzania is currently implementing the Tanzania Agro-Industries Development Flagship (TAIDF) programme, and other initiatives.
Also read;
https://trendsnafrica.com/tanzanian-economy-to-hit-its-economic-growth-target/
https://trendsnafrica.com/tanzania-to-import-chinese-food-processing-machines/
