Mauritius set to invest in Tanzania’s sugar industry

Dar es Salaam, Tanzania (PANA) – A Mauritian government mission is visiting Tanzania to complete investment procedures for sugar production, the Ministry of Foreign Affairs and East African Cooperation said on Wednesday.

Led by Ambassador Jean Pierre Jhumun, who has residence in Maputo but also accredited to Tanzania, the delegation will meet with various public officials including ministers of Industry, Trade and Investment; Agriculture; and Environment; as well as the management of Tanzania Investment Centre (TIC) and Tanzania Sugar Board.

Ambassador Jhumun is accompanied by Mr. Gansam Boodram, CEO of the Mauritius Sugar Board.

The first phase of the Mauritian sugar venture in Tanzania will employ over 6,000 locals in cane growing and running its mill in Rufiji district, Coast Region, south of Dar es Salaam.

According to the ministry’s press release, the second phase of the project is scheduled to take off five years later in Kigoma Region on the shores of Lake Tanganyika.

Currently, Tanzania’s total sugar production is around 300,000 tonnes per year, far below the actual demand of 590,000 tonnes. Its production is concentrated in three regions of Morogoro, Kagera and Kilimanjaro.

Sugar is increasingly an important commercial crop in the country for both export and domestic consumption. About 170,000 tonnes of local production is set aside annually for industrial use.

The Mauritian move to invest in Tanzania follows a proposal by President John Magufuli in March 2017 for investors who could set up sugar mills in the country.
-0- PANA AR/MA 15Aug2018

15 أغسطس 2018 10:19:43

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