By a Correspondent, Dar es Salaam
Tanzania will this week host a
first ever Agribusiness Investment Showcase Event to be held in Dar es Salaam.
The two day conference under the
theme ‘Accelerating Tanzania’s Agribusiness Investment’ is organized by
Tanzania Investment Centre (TIC) in collaboration with the Prime Minister’s
Office and the Southern Agriculture Corridor of Tanzania (SAGCOT) Centre.
Announcing the conference over the
weekend in Dar es Salaam, the Acting Executive Director of TIC, Mr. Raymond
Mbilinyi said the event meant to harness the potential for investment in
agriculture, trade and socio-economic development in the SAGCOT region with a
view to introducing prospective investors through tailor made targeted
investment promotion and physical visits.
Mr. Mbilinyi told journalists that
SAGCOT Investor Showcase is expected to attract 70 foreign prospective
investors and over 40 local companies ready to seize all existing investment
opportunities falling under the corridor.
“The government is actively
promoting SAGCOT,” he told journalists.
He said President Jakaya Kikwete
and Premier Mizengo Pinda has shown dedication in promoting agriculture in the
country and that it is now a time to put things in action for the benefit of local
and foreign investors and the country at large.
He said that the conference will be
an opportunity for local agribusiness investors to network with their
counterparts from abroad. It is expected that participants from outside
the country will come from Asia, Europe and Far East.
“This event will give a splendid
opportunity for both local and foreign investors to learn and understand why to
invest in SAGCOT,” he explained, adding that a variety of ministers will
present papers on various ways for which to attain development through modern
agriculture from different perspectives.
There will also be presentations on
specific investment projects in the rice, sugar and livestock sectors,
including dedicated breakaway discussions and questions and answers sessions.
There will be also an opportunity
to visit earmarked investment sites on the second day and see work underway to
improve supporting infrastructure.
On her part, the Deputy Chief
Executive Officer, SAGCOT Centre, Ms. Jennifer Baarn said the conference is an
opportunity to showcase what the country has to offer, but more specifically,
what its investment priorities are.
“SAGCOT is Kilimo Kwanza in action,
targeting Tanzania’s south-central “granary” region. ” she said, referring to
the country’s initiative (Agriculture First) that seeks to transform the
agriculture into a highly productive sector and an engine of economic.
SAGCOT is a public-private
partnership that hopes to catalyze responsible private sector investment that
will bring major benefits to domestic food supply, engage with smallholder
farmers and local communities, and strive to do so in an environmental sustainable
way.
Ms. Baarn said that SAGCOT is
looking forward to work with the Tanzanian government in addressing specific
policy reforms that will enable both local and foreign investors to make
sustainable investments in the corridor.
The 2011 SAGCOT investment
blueprint envisions clusters of profitable farming and agricultural services
businesses supported by coordinated investments in infrastructure, value
chains, farming systems, and human capital.
Innovative financing mechanisms,
including a multi-donor catalytic investment fund, will leverage over $2bn of
private investments.
Ends