Investment Requirement of Over 1tri/- for Edible Oil Sector Development
Habari mpya za kilimo Tanzania · maelezo ya Investment Requirement of Over 1tri/- for Edible Oil Se… · imesasishwa 3 Aug 2026 · habari za kilimo · wakulima · mazao
Muhtasari
- We spend more than 200 million US dollars every year importing edible oil.
- He added that implementing the plan will require more than 1tri/- in investment from the government, the private sector and development partners.
- DODOMA: THE government has allocated more than 500.6bn/- to transform edible oil production as part of a broader plan to eliminate a deficit of about 427,068 tonnes, Agriculture Minister Daniel Chongolo has said.
- Speaking at the National Investment Forum on the Edible Oil Value Chain in Dodoma recently, Mr Chongolo said Tanzania requires about 732,974 tonnes of edible oil annually, while current domestic production stands at.
- He said the 10-year edible oil industry development plan aims to increase sunflower and palm oil production to achieve self-sufficiency and eventually generate a surplus for export.