Monday, April 15, 2024
HomeBusinessInvestmentAgriculture Investment Opportunities In...

Agriculture Investment Opportunities In Tanzania

This sector is critical to Tanzania’s industrialization since it provides markets for industrial products as well as raw materials. Tanzania has 44 million hectares of arable land, including 29.4 million hectares suited to irrigation.

  • Engaging in large-scale commercial cultivation of crops like sugarcane, rice, wheat, coffee, tea, sunflower, pulses, floriculture, cotton, sisal, grape, and maize. Sugarcane planting and production are aided by abundant water resources, favorable weather conditions, and a large market potential
  • Development of out growers to supplement the supplies of raw materials for the industries as suitable
  • Huge potential for investment in agro-industries and agro-processing
  • Irrigation system expansion and enhancement; agricultural cultivation R&D improvement. Agriculture employs about 67 % of the employed population and remains central to Tanzania’s industrialization as it provides markets for industrial products and raw materials for industries
  • Tanzania has the second largest livestock population in Africa;
  • Less than 1% of all meat is processed locally, while vast quantities of processed meat are imported
  • Freshwater cover is estimated to be 54,337 square kilometers, or about 6.1 percent of the total country’s surface area;
  • Tanzania has the second largest livestock population in Africa, with less than 1% of all meat processed locally while vast quantities of processed meat are imported.
  • Freshwater cover is estimated to be 54,337 sq km, or around 6.1 percent of the total country’s surface area.

From the present 300,000 tons per year, the sugar supply shortfall is expected to grow at a rate of 6% per year

  • Tanzania currently has four sugar plantations that produce a total of 300,000 tons of sugar per year and are operating at full capacity.
  • Tanzania currently has four sugar plantations that produce a total of 300,000 tons of sugar per year and are operating at full capacity
  • Tanzania has one of the greatest average cane yields in the world, at 120 tons per hectare
  • Tanzania has one of the best irrigation potentials in the sub-region, thanks to abundant rainfall and bountiful rivers fed by the high hinterland plateaus

In target sugar zones, the soil and topography are excellent for industrial sugarcane cultivation.

  • Tanzania spends more than $150,000 per year on edible oil imports. Tanzania is reliant on imported edible oil due to a lack of sophisticated mechanical extraction equipment and inadequate ways to boost agricultural output.
  • Tanzania contains sunflower, cotton, groundnuts, soya beans, and palm trees, which can be utilized to underpin a competitive edible oil industry in the country and regional market with enhanced production and productivity.

- A word from our sponsors -

Most Popular

More from Author

Ethiopias’s Billionaire Elite: Unveiling the Top 10 Wealthiest Moguls in 2024

Ethiopia, known for its rich cultural heritage, is also home to...

Trailblazers of Wealth: Kenya’s Five Most Influential Women in 2024

Kenya's economic landscape is distinguished not only by its vibrant markets...

Tanzania’s Billionaire Elite: Unveiling the Top 10 Wealthiest Moguls in 2024

Tanzania's economic landscape is shaped by a diverse group of individuals...

- A word from our sponsors -

Ethiopias’s Billionaire Elite: Unveiling the Top 10 Wealthiest Moguls in 2024

Ethiopia, known for its rich cultural heritage, is also home to some of the wealthiest individuals in Africa. These moguls have diversified their investments across various sectors including oil, mining, agriculture, and real estate, significantly contributing to the nation's economic development. Here's a look at the top...

Trailblazers of Wealth: Kenya’s Five Most Influential Women in 2024

Kenya's economic landscape is distinguished not only by its vibrant markets and industries but also by the formidable women who have risen to the top of these sectors. As of 2024, here is a detailed look at the five richest women in Kenya, highlighting their net worth,...

Somali’s Billionaire Elite: Unveiling the Top 10 Wealthiest Somali Moguls in Kenya in 2024

The Somali community in Kenya has produced some of the country's wealthiest and most influential business figures. Below is a list of the top 10 richest Somali individuals in Kenya, highlighting their estimated net worth and primary sources of wealth across various industries.RankNameTotal Net WorthAgeRegionSourceIndustry1Ismail Ahmed$1.6 billion58NairobiRemittanceFinancial...

Tanzania’s Billionaire Elite: Unveiling the Top 10 Wealthiest Moguls in 2024

Tanzania's economic landscape is shaped by a diverse group of individuals whose investments and business acumen have not only amassed considerable wealth but also significantly contributed to the country's development. Here's an overview of the top 10 richest people in Tanzania in 2024, detailing their estimated net...

Kenyas’s Billionaire Elite: Unveiling the Top 10 Wealthiest Moguls in 2024

In Kenya, a fascinating mix of entrepreneurship, inheritance, and investment has shaped the financial landscape, leading to the emergence of a select group of individuals whose wealth is noteworthy. Below is a table profiling the top 10 wealthiest moguls in Kenya in 2024, highlighting their net worth,...

South Sudan’s Ambitious Leap: Transforming into Africa’s Leading Oil Powerhouse

Unveiling a New Era of Prosperity with Strategic Investments in Oil and Agro-Industries: South Sudan's Journey from Turmoil to ProsperitySouth Sudan, the world's youngest nation, has faced considerable challenges since gaining independence in 2011. Emerging from decades of conflict, including a brutal civil war that ended in...