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Friday, 07 December 2012

Tanzania: Foreign agricultural investments boost sugar industry

In contrast to the current yearly sugar gap, Tanzania's sugar industry is expected to increase its exports in the next four years as more foreign agricultural investments flow in by 2016. This will represent a great contrast from the current situation where there is existence of sugar gap every year, authorities say.
The Sugar Board of Tanzania (SBT) says its nine projects whose implementation will see the country tripling its annual sugar production from the current estimate of 300,000 metric tonnes to 910,000 metric tonnes come 2016, targets the current gap sugar. "These projects should come to fruition come 2016. With the total amount of sugar we are producing, we'll be able to export some to our neighbours in East Africa," the SBT project manager, Mr Abdul Mwankemwa, says. Currently, the country has four major sugar factories with an annual sugar production of at least 300,000 metric tonnes against the demand of 500,000 metric tonnes.


Source: allAfrica