Tanzania
Government allocates 13.5 hectares for palm farming
With a view to increasing domestic production of edible oils,
the government has allocated to the Tanzania Investment Centre
(TIC) 13.5 hectares of land in Uvinza District, Kigoma to be used
for palm farming. This was confirmed by TIC's executive
director, Godfrey Mwambe during his tour in the district. According
to Mr. Mwambe, the statistics show that Tanzania currently imports
400,000 tons of palm oil and spends up to Tanzanian shillings 600
billion (approximately USD 260 million) to import edible oil.
The TIC is established under the Tanzania Investment Act (TIA).
The primary objective of the TIC is to be a one-stop centre for
investors and the primary agency of the government to co-ordinate,
encourage, promote and facilitate investment in Tanzania and to
advise the government on investment policy and related matters.
