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The industry in Tanzania grew in 2023 at 4.3 percent registering a slight surge from 4.2 percent in 2022. However, the sector’s contribution to GDP dropped a little to 7 percent from 7.1 percent in the preceding year.
The industry in Tanzania grew in 2023 at 4.3 percent registering a slight surge from 4.2 percent in 2022. However, the sector’s contribution to GDP dropped a little to 7 percent from 7.1 percent in the preceding year.
The Sh110.89 billion budget for the Industry and Trade Ministry during the 2024-25 fiscal year is an improvement from the Sh81.11 billion that the Parliament approved for the ministry during the current fiscal year.
Key focus areas in the ministry’s 2024/25 fiscal year include developing the Engaruka Basin Soda Ash Project, the Liganga (iron ore) and Mchuchuma (coal) integrated projects as well as the expansion of the Tanzania Biotech Products Limited (TBPL) for the production of bio-fertiliser.
Other strategic plans for the government include the construction of small-scale sugar processing plants to cater to local demand, and the creation of alternative energy technologies for artisanal and small-scale miners to aid in environmental conservation.
Parliament’s Industry and Trade Committee said despite the government’s efforts to revive some of the industries that had halted production for a long time, some still face a shortage of capital, which prevents their full contribution to the national income.
The committee also advised the government to establish reliable and affordable electricity infrastructure in all industrial areas.
“Industrial owners face a significant challenge of insufficient and unreliable electricity, leading to the use of substantial funds to purchase fuel for running generators,” the committee’s chairman, Mr Deo Mwanyika, said when presenting the panel’s views.
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https://trendsnafrica.com/tanzanian-industry-told-to-up-their-production/
The committee also addressed the renovation and expansion of domestic markets, recommending that the government allocate funds for the refurbishment and expansion of markets to improve their condition.
