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Tanzania: Foreign Investors Assured of Support

4/22/2016

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The government will continue to work with foreign investors in various development sectors through the available resources and at the same time make sure that local residents are benefiting from the process.
A Coordinator in the Poverty Reduction Department of the Ministry of Finance, Ms Anna Mwasha, made the remarks during a recent official tour to inspect the ongoing high tech poultry project at Kibaha Education Centre (KEC) which is owned and managed by Organia Limited Company from Saud Arabia.
"Our government has always been open and ready to work with foreign investors but the guests must first prove to have projects which are profitable to the country and the surrounding communities as well", she said.
She took time to praise Organia Limited Managing Director Mr Abdulhady Taher on the move of involving local farmers in the project, by enabling them grow soya, white maize and yellow maize which are sold to the Company. He said that the act will uplift the farmers' economy since they will be assured of the market and fair price.
Mr Taher mentioned that the selected farmers will enter into contract with the Company, whereby some of them will grow the mentioned crops while others will be assisted to keep chickens using modern technology and sell them to the Company. Already the selected farmers have undergone training prepared by the Company as part of agreement.
Coast Regional Commissioner Eng. Evarist Ndikilo said that his office is working hard to ensure that important resources like water and electricity are being available to the project without any problem before production starts soon.
The project which is worth 120 billion shillings will have capacity of producing 3,000 chicks per hour and is expecting to employ about 1,000 individuals.
By Harriet Kiama
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    Taher Overseas

    Taher Overseas is an investment holding company with a proven track record. Bringing our experience and expertise to Tanzania, we aim add value to the local and regional economy by building solid businesses to create sustainable growth. ​

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