Tag: Tanzania

Tanzanian agriculture firm FFF seeks to boost maize, macadamia production with US$1.1m investment

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TANZANIA – Farm For the Future (FFF), a Tanzanian agricultural firm has revealed plans of investing US$1.1 million in the construction of a dam and setting up irrigation systems. The facilities will be utilized to provide water for its 250-hectare farm put under maize and macadamia nuts production. According to reports by Citizen Tanzania, the environmental impact assessment on the project is under way and construction of the dam is set to commence in August 2021. The irrigation systems will be installed in 2022 to pave the way for planting…

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IFAD to support Tanzanian farmers increase productivity, gain market access to ensure food security

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TANZANIA – The International Fund for Agricultural Development (IFAD) is seeking to provide funding worth US$882,841 to Tanzania as part of its COVID-19 response in the country. The support which will be channelled through its Rural Poor Stimulus Facility (RPSF), is aimed to assist 6,240 vulnerable small-scale farmers in rural Tanzania. The IFAD grant will help farmers access inputs, provide market linkages and access agricultural and market information to improve their productivity and increase their resilience. Growth in Tanzania’s agricultural sector was projected to decline from 5 per cent in…

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TADB partner with AGF to support agribusiness enterprises in Tanzania with US$20m financing

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TANZANIA – Tanzania Agricultural Development Bank (TADB) has signed a Memorandum of Understanding with African Guarantee Fund for Small and Medium-sized Enterprises (AGF), that will allow the state-owned development financial institution to disburse up-to US$20 million worth of loans to agribusinesses in Tanzania. According to ACF, the partnership has come at the right time, as it is in line with the recently launched Five Year Development Plan 3 (FYDPIII) which aims at: increasing the country’s capacity for production; building a competitive economy that will stimulate the country’s participation in trade…

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Serengeti Breweries unveils fund to help bars fight against communicable diseases in Tanzania

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TANZANIA – Serengeti Breweries Limited (SBL), subsidiary of the Diageo company through the East Africa Breweries Limited, has launched a programme worth over Tsh 2.3 billion (US$992,000), aimed to support bars and eateries in Dar es Salaam and other major towns. This initiative dubbed “Raise the Bar”, is part of a global Diageo programme geared towards helping outlets, and bars recover from COVID-19 and support jobs and communities around the world. The fund will roll out over the next two years benefitting over 2,000 outlets and will include practical equipment…

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Coca-Cola Kwanza names Unguu Sulay as new CEO shortly after strategic executive changes

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TANZANIA – Coca-Cola Kwanza, Tanzanian subsidiary of Coca-Cola Beverages Africa (CCBA), has appointed Unguu Sulay as the new Managing Director with effective 28th June 2021. Mr Sulay takes over the helm of the company from Andrew Musingo, who was the CEO of the organization since January 2020. The new appointee brings on board extensive leadership experience in risk and compliance, business strategy and governance. He joins Coca-Cola Kwanza from Plasco Limited where he was the Chief Financial Officer. Mr Sulay has also worked at Alliance One Tobacco, Tanga Cement and…

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Tanzania record’s eight-year high coffee export earnings fetching US$137m in 2020/21 season

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TANZANIA – The norm of coffee drinking which was fuelled by lock-downs prompted by the COVID-19 pandemic, has highly favoured the Tanzanian export market recording an eight-year high of both the value and quantity of coffee exported in the 2020/21 season. According to the Tanzania Coffee Board (TCB), the country exported 70,388 tonnes of coffee, a rise from the previous season’s 59, 332 tonnes earning US$137m, an increase of 20% from US$112.85m fetched in 2019/2020. The last time the country recorded high coffee sales was in 2012/13 earning US$181.79 million…

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Tanzanian agribusiness company Jatu PLC seeks to raise US$3.2m through IPO for business expansion

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TANZANIA – Jatu PLC, a Tanzanian agri-business company is undertaking an initial public offering for its 15 million ordinary shares at the Dar es Salaam Stock Exchange (DSE) at Tsh 500 (US$0.22) per share. According to the company, the sale of the shares which commenced in 1st June is set to be finalized on 15th July with a target of raising Tsh 7.5 billion (US$3.2m). The DSE has suspended JATU from trading for a period of two months until July 28th to necessitate the synchronisation of JATU’s Corporation Actions related…

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Tanzania Breweries Limited eliminates use of PET packaging in production lines, shifts to aluminium cans

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TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev, has completely eliminated the use of polyethylene terephthalate plastic (PET) bottles in packaging of its non-alcoholic malt beverage Grand Malt, to exclusively use aluminium cans. The new packaging is in line with the company’s shift from the use of polyethylene terephthalate plastic (PET) bottles in its production lines, keeping with its commitment to promoting sustainable and circular packaging. This change also takes the parent company one step closer to achieving its 2025 Sustainability Goal of having 100% of its…

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Bakhresa Group nears completion of first phase of US$300m Bagamoyo Sugar Limited in Tanzania

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TANZANIA – Said Salim Bakhresa Ltd, the flag-ship company of the Bakhresa Group, has announced that the first phase of the US$300 million Bagamoyo Sugar Limited is nearing completion and will officially start production by June 2022. According to the group’s Corporate Affairs Director Hussein Sufian, the company has pumped in about US$100 million in constructing the first phase of the project. The project, which has three phases, is expected to commence with an installed processing capacity of between 30,000 tonnes and 35,000 tonnes. For the three phases, the annual…

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East Africa’s beverage makers mark World Environment Day by engaging in ecosystem restoring activities

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EAST AFRICA – Soft beverage manufacturers and plastic bottle recyclers in Tanzania, joined hands in celebration of the World Environment Day by engaging in a clean-up exercise. The initiative which entailed beach clean-up and plastic waste management awareness at Coco-Beach in Dar es Salaam, was facilitated by Petco Tanzania, registered as Pet Recycle Company (T) Ltd, responsible for collection and recycling of post-consumer PET bottles in Tanzania. The organization was found by Coca-Cola Kwanza, Pepsi Tanzania, SilaAfrica Ltd, A-One, Sayona, Nyanza Bottlers and Bonite Bottlers, who were the active participants…

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