Investment in Agriculture Tanzania
Tanzania’s agriculture accounts for 28.2% of the country’s GDP in 2018 at 12.7 billion USD. From 2014 it marked an increase of 48% over 5 years.
In 2016 land set aside for agriculture amounted to 44 million ha almost 45% of the country’s total land area. This increased from 30.5% in 1967 and increases year on year.
Raw tobacco and cashew nuts are Tanzania’s most exported cash crops. The top export destinations of the Tanzanian tobacco are Germany, Russia, and Poland, while almost 80% of cashews are exported to India. Most of the production of cashew nuts in Tanzania is exported without being shelled.
Crop exports accounted for USD 830 million (9%) of the total value of Tanzania’s exports in 2019, compared to USD 793 million in 2015, representing an increase of 5%
Expansion and improvement of irrigation systems; improvement of R&D in crops cultivation.
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Large-scale commercial farming of crops such as sugarcane, rice, wheat, coffee, tea, sunflower, pulses, floriculture, cotton, sisal, grape, simsim and maize.
Worth 4.2 billion USD in 2018 an increase of 75% from 2014, the TLMI, aims to transform the traditional livestock sub-sector into a modern, responsive, sustainable and environmentally-friendly engine for rural development.
From 2014 to 2018 Tanzania’s fishing grew by 26% to 0.27 billion USD. Dominated by small freshwater fish farming of 14,100 freshwater fishponds scattered across the mainland.
Southern Agricultural Growth Corridor
SAGCOT investment of 70m to support the agricultural sector to link smallholder farmers to agribusiness for boosting incomes and job-led growth.
Ruvuma Region Aims at Increasing Avocado Production Twentyfold by 2025 from the current 1,769 to 37,000 tonnes annually by 2025.
In April 2020, The Tanzania Investment Centre (TIC) issued a notice inviting domestic and foreign investors to develop sugarcane and sugar processing plantations due to a sugar demand gap in the country.
We are a multi-faceted organisation with far-reaching contacts in all areas of Tanzanian industry, resources and commerce.