Tridge summary
President Samia Suluhu Hassan of Tanzania has invited international investors to tap into the country's agriculture sector, which boasts a abundance of arable land. This call was made during a meeting with a Singaporean investor who has already invested in various industries and is planning to increase his presence in rice production and edible oil cultivation. The Tanzanian government is committed to supporting both local and foreign investments to enhance the agriculture sector. The country, known as the food basket of eastern and southern Africa, is seeking to address its production deficiencies in key crops by encouraging more investment in agriculture to satisfy local demand and power new industries, thereby creating jobs, reducing poverty, and conserving foreign exchange by reducing imports of staples like cooking oil, wheat, and sugar.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
ON Friday President Samia Suluhu Hassan made a strong appeal, calling on investors from across the world to come and invest in the country, particularly in the agriculture sector since the country has plenty of suitable arable land. The Head of State issued the call during her meeting with the investor from Singapore who has invested close to 350bn/- in pasta, cooking oil processing and soap production industries. The investor expressed his readiness to expand investment in rice production and edible oil producing crops. In her call President said her government is ready to cooperate with both local and foreign investors and that it has already set good environment for boosting the sector. As it is known, Tanzania for years, has been boasting her pride of being a food basket, feeding some countries in eastern and southern Africa. With plenty of arable land that Tanzania is endowed with, no investor wishing to direct their capital in agriculture will be denied land for investment, ...
Source: All Africa
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