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China-Africa Trade Information Service
It is reported that Tanzania is currently facing huge losses in edible oil production. Currently, it mainly relies on imports to meet the growing demand for edible oil. Last year, the import of edible oil reached 294 million US dollars.
Tanzania has set aside 4.3 million dollars to boost cultivation of oil palm as part of its strategy to end importation of edible oils, Prime Minister, Kassim Majaliwa, said on Monday.
Tanzanian fisheries are mainly carried out in Indian Ocean, Lake Victoria, Lake Tanganyika and Lake Nyasa.It is estimated that there are approximately 2.7 tons of harvestable fish in the country's waters.
Tanzania recently announced that it is now issuing permits to traders to import sugar from Uganda as the country is hit by a 290,000-tonne shortage.
It is reported that Tanzania IPP Group and Youngsan Glonet Corporation of Korea signed a Memorandum of Understanding (MoU) for the local assembly of commercial and non-commercial vehicles.
According to the monthly record by Tanzania International Container Terminal Services (TICTS), it has reached 54,447 Twenty-Foot Equivalent Units(TEUs) in August compared to 50,400 TEUs in March this year.
Recently, Tanzanian Finance and Planning Minister of Phillip Mpango visited Kalambo Village in Mtwaara on the border of Tanzania and Mozambique. He was requested the government to establish fruit processing for local investments.
Tanzania is a coastal country, which has plenty of various fishes. However, the fishing processing of Tanzania lacks investment.
Even though the import ban of poultry has brought very low supply of birds, the price of chicks has increased as there is high hope. Meanwhile, the present challenges aere just for a short time and the future of it is pretty bight.