21 November 2024 00:00:00 AM Trending Posts
Cleaning is no dirty business for entrepreneur Agnes KipaloMagufuli to attend Kenyatta’s swearing-in ceremony Davido Releases a New Record, "Like Dat"Zimbabwe: President to Hit Ground RunningNigeria: Ahead of Afrima 2017, Organizers Unveil Akon, Sophy Aiida As HostsTanzania: Turnout Excites Dar Tourism Expo OrganizersTanzania: All About Diamond's WomenTanzania: Here is Diamond's Hot Tune Featuring Morgan HeritageTanzania: Business Opportunities With Tanzania to Be IncreasedTanzania: Business Opportunities With Tanzania to Be IncreasedTanzania: Boost for Tanzania Cassava As Chinese Firm to Invest $1 BillionTanzania: Diamond Platnumz - Yes, I Cheated On ZariTanzania: Diamond, Zari in Fresh 'Cheating' StormNape Aeleza Kwanini Dr Kikwete Hakutengeneza Uadui Na WapinzaniBaraza la Maaskofu Katoliki Tanzania watoa tamko kushambuliwa kwa Mhe. LissuTanzania: Better Services Beckon As Digitized Systems Kick OffSouth Africa: BRICS is Being Battered by Global Crises - Why This Might Not Be a Bad ThingTanzania Girls' Monthly Nightmare Force Them Out of ClassesTanzania: Scientists Find Fossils of Rare Dinosaur in TanzaniaCourt Ready to Deliver Kenya's Presidential Petition RulingTanzania: Ali Kiba and Nandy Nominated for Afrima AwardsTanzania proposes higher petroleum levy to fund budgetZanzibar in short supply of skilled tourism staffAfrican Airlines Wait for Open SkiesDrone Project Will Deliver Medicines Across TanzaniaTanzania: Diamond Platinumz Caught in Claims of Fathering Model's Baby

Tanzania: Boost for Tanzania Cassava As Chinese Firm to Invest $1 Billion

Dar es Salaam — Tanzania has signed a $1 billion partnership agreement with a Chinese firm to commercialise cassava farming and processing, raising hopes to growers who have been grappling with the challenge of accessing reliable markets.

Tanzania Agricultural Export Processing Zone Limited and Epoch Agriculture (TAEPZ) from China said they created an out-grower scheme that will ensure sufficient production of cassava for processing.

The firm will also establish an industrial park comprising of factories to produce cassava flour, cassava starch, animal feeds, organic fartilizer and paper pulp, starting with three regions of Mtwara, Lindi and Coast, according to firm's chairperson Dior Feng. "The next phase will include production of industrial sugar and ethanol," she said.

It was not clear when exactly this will start but Tanzania Private Sector Foundation (TPSF) said it will intervene to make sure it kicks off as soon as possible.

TPSF executive director TPSF Godfrey Simbeye said Tanzania has a lot of untapped opportunities and the private sector was ready to fully exploit them.

"We have to intervene in the project for the purpose of ensuring that it is fast-tracked and given its potential in spurring inclusive economic growth. We facilitated the assessment whereby our country can conform to Chinese standards," he said.

He said cassava as a white gold features well in the current industrialization strategy and also solve food security challenges.

According to him, the current statistics indicate that Tanzania produces 5.5 million tonnes of cassava every year, while TAEPZ will consume 2.5 million tonnes of dry cassava every year.

"TAEPZ, the locally registered company has shown interest to invest in cassava production and export (Lindi Industrial Park and Production Farms). The company has secured a market of 2 million metric tonnes of dry cassava chips per annum with increase of 5 per cent for subsequent year," Mr Simbeye stressed.