Speaking at the Africa Investment Forum (AIF) held in Abidjan, Ivory Coast, the VP said Tanzania was the best place to invest in the sub-Saharan Africa and was the key trade gateway for East African countries which have population of over 300 people and SADC with population of over 450 people.
Dr Mpango said that Tanzania has plenty and favourable land for investors who are interested in agriculture as well as in processing factories.
“Tanzania has 44 million hectares set aside for agriculture but only 10.8 million hectares of land were under cultivation. We also have 29.4 million hectares suitable for irrigation farming but only 2.4 million hectares are used,” he noted.
He said the government under President Samia Suluhu Hassan has invested in various efforts to improve business and investment which include improvement of infrastructures such as roads, railway, ports, air transport as well as reliable power.
According to him, despite Covid-19m pandemic, Tanzania has recorded a rapid increase of investment projects from $450 million in 2020 to $2.2 billion in 2021.
National Irrigation Commission (NIRC) director Raymond Mndolwa said the Mara Valley project aims to strengthen irrigation farming infrastructures as well as livestock keeping and fishing by investing in value addition of the crops and products.
He said the project will increase income to small-scale farmers in the areas as well as increase employment opportunities and productivity.
“The project will be implemented in the Serengeti, Tarime and Butiama districts in Mara Region,” he added.
The Vice President also led discussions between Tanzania and investors on the construction of the modern Mangapwani port which will be implemented by the Zanzibar government.
He said the port is one of the priority projects of the Zanzibar Investment Promotion Authority (ZIPA) for the aim of promoting the blue economy.
Zanzibar Ports Corporation (ZPC) chief executive officer Nahaat Mohammed Mahfoudh said the project is aimed to make Zanzibar a centre of water transportation business in East and Central Africa.
He added that the port will have special gates of cargo containers, oil and gas and free area.
The Mangapwani port is a new cargo port designed to cater to the East Africa and international markets and to support the existing Malindi port in meeting Zanzibar’s growing trading target and supporting the development of the national economy.
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Publish date : 2022-11-05 17:00:16