Tanzania pledges assist for sugar manufacturing unit homeowners amid plans to spice up manufacturing

TANZANIA – Tanzania has reaffirmed its dedication to supporting sugar manufacturing unit homeowners in a bid to boost native manufacturing and create a positive funding local weather.

Talking throughout a go to to Bagamoyo Sugar Manufacturing unit, the nation’s Minister of Business and Commerce, Selemani Jafo, highlighted the federal government’s dedication to defending the business and fostering its development.

Jafo emphasised President Samia Suluhu Hassan’s robust dedication to making sure the steadiness of sugar factories throughout Tanzania.

“I oversee this industrial sector, and it’s my accountability to create a conducive atmosphere,” he acknowledged, reaffirming the federal government’s intention to assist factories in overcoming manufacturing challenges.

Bagamoyo Sugar Manufacturing unit at the moment produces 80,000 tonnes of sugar yearly. With deliberate expansions, this output is anticipated to extend to 100,000 tonnes.

The growth won’t solely increase manufacturing but additionally create 1,500 further jobs, contributing to the native financial system.

Tanzania’s sugar consumption stands at 800,000 tonnes per yr, and the federal government goals to satisfy this demand domestically by 2027.

Minister Jafo expressed optimism that the nation will obtain sugar self-sufficiency throughout the subsequent few years, in the end eliminating the necessity for imports and positioning Tanzania to export surplus sugar to different markets.

In July, the Tanzania Sugar Producers Affiliation (TSPA) introduced that native sugar producers had initiated growth initiatives geared toward assembly nationwide demand by the tip of the 2024-25 fiscal yr.

Native manufacturing reached 460,200 tonnes in 2023, up from about 300,000 tonnes in 2015, because of collaboration between the corporations and the federal government to guard native funding and curb irregular sugar imports.

The TSPA highlighted {that a} beneficial funding local weather has enabled native traders to inject extra capital into increasing their operations.

Tanzania plans to raise sugar manufacturing from a median of 460,048 tonnes recorded in 2022/2023 to 706,000 tonnes by the conclusion of the 2025/2026 fiscal yr.