Tanzania Plans To End Sugar, Edible Oil Imports By 2015
Mohammad Ali (@ChaudhryMAli88) Published May 10, 2022 | 03:37 PM
The government of Tanzania on Tuesday announced plans aimed at ending sugar and edible oil imports by 2025
DAR ES SALAAM, (UrduPoint / Pakistan Point News - 10th May, 2022 ) :The government of Tanzania on Tuesday announced plans aimed at ending sugar and edible oil imports by 2025.
The plans were announced by the Minister for Agriculture, Hussein Bashe, and the Minister for Investment, Industry and Trade, Ashatu Kijaji, when they addressed parliament in the capital Dodoma.
Bashe also said short-term measures to end edible oil imports in the next three years included the distribution of subsidized certified sunflower seeds to small-scale growers.
Long-term measures, added Bashe, included the introduction of tax incentives to large-scale investors in oil palm estates.
The short-term plan on edible oil intervention has started with the distribution of the initial 3,000 tons of certified sunflower seeds to smallholder farmers, he told the House.
Bashe said the government has already allocated 10,000 hectares to one oil palm investor in Kigoma region in western Tanzania.
For her part, Kijaji said the government is making efforts to create an enabling environment for investments in the sugar and edible oil cultivation and processing industries.
Kijaji said sugar milling is one of the top investments in the industrial parks being created in various parts of the country.
Tanzania's annual consumption of edible oil is 650,000 tons but the local production capacity is 290,000 tons annually, according to official statistics.
The country's demand for domestic sugar is 470,000 tons annually while the current total production of sugar is 378,000 tons.
Related Topics
Recent Stories
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
Russian military jet crashes into sea off Crimea: Governor
Rain-windstorm/thunderstorm likely at various parts of country
Implementation of Sindh Agriculture Workers Act-2019 demanded
Pandemic accord talks heading for extra time
Khawaja reiterates PM commitment to judiciary
More Stories From Business
-
Pakistan retains position in FTSE secondary emerging market
7 hours ago -
Pakistan retains position in FTSE secondary emerging market
6 hours ago -
China's competitive car market at heart of global EV revolution
7 hours ago -
China's Xiaomi enters car market with new electric vehicle
6 hours ago -
Pak-Türkiye strategize to boost bilateral trade to $5 billion
9 hours ago -
Chief Representative of CFFEX in Pakistan and PSX Director meet Finance Minister
9 hours ago
-
Banks to open on March 30, 31 to facilitate tax collection
10 hours ago -
Stock markets rise before Easter break
10 hours ago -
NCA approves revised first quarter GDP estimates for 2023-24
10 hours ago -
26% increase on tobacco tax can reduce PKR 300bn in health cost
11 hours ago -
Minister expresses anguish over alleged use of poor-quality material
12 hours ago -
Commerce Minister initiates push for E-commerce growth with in-house briefing
12 hours ago