Invest in agriculture, US business mission urged
- Daily News
- 10 November 2014
Tanzania's Minister of State, Dr Mary Nagu, has urged US companies to invest in agriculture since Tanzania is blessed with over 43 million hectares of arable land.
Tanzania's Minister of State, Dr Mary Nagu, has urged US companies to invest in agriculture since Tanzania is blessed with over 43 million hectares of arable land.
A Turkish agriculture firm, Tarbim, will invest billions of shillings to establish a modern rice farm at Tanzania Prisons Bagamoyo farm.
The Tanzanian food industry that Omani business companies can tap into is not only confined to what is grown on the field but the fishing industry as well, says speaker of the National Assembly of Tanzania, Anne Makinda.
The land covers 204 hectares, is 235km from the port at Dar es Salaam and is next door to Obtala’s existing tomato, fruit and pepper farm.
Can land grabs by foreign investors in developing countries feed the hungry? So says the press release for a recent, and unfortunate, economic study.
As negotiations over responsible agricultural investment policy run through the summer, Tanzanian villagers fight for the return of 20,000 acres of land lost to a failed biofuel project.
Government of Tanzania pilots a win-win deal whereby communities receive a 10% shareholding in Bagamoyo EcoEnergy Ltd. in exchange for a 99-year lease of their land free from encumbrance.
A study titled ‘Sad stories about agricultural investment on right to food: A case of SAGCOT areas in Ruvuma’ notes that “cries of loss of land for small-scale farmers are widespread”.
Some of the poorest people in this country are losing their land, water and natural resources that have supported their livelihoods for generations.
ETG considers the Government of Tanzania is trying to expropriate part of its land and is demanding compensation in the region of $20 million.
The European Union (EU) has provided Tanzania a grant of 59.5 million euros for improved agri-business and trade facilitation that will support the Southern Agricultural Growth Corridor of Tanzania.
The company wants an end to land conflicts in the area "where Dar es Salaam based bigwigs are frustrating the project" and incentives for ethanol production.