Tanzania Secures $576 Million Investment to Transform Mkulazi into Agricultural Powerhouse

DAR ES SALAAM, Tanzania – The Tanzania Investment Centre (TIC) announced in June a landmark $576 million investment for Mkulazi, Morogoro, poised to revolutionize the nation’s agricultural sector. This multifaceted project aims to diversify agricultural production, create employment opportunities, and stimulate economic growth.

Key Highlights:

• Investment: $576 million USD (approximately 1.5 trillion Tanzanian Shillings)
• Location: Mkulazi, Morogoro, Tanzania
• Investors: Multinational consortium, Chinese investor, Egyptian investor
• Crops: Sugarcane, soybeans, maize, sugar beets
• Goals: Diversify agricultural production, enhance food security, create jobs, stimulate local economy

Diversified Agricultural Ventures:

Three major investors will spearhead the transformation of Mkulazi:

• Sugarcane for Sugar Production: A multinational consortium will harness modern agricultural techniques to produce sugar from sugarcane, bringing global expertise to Tanzania’s sugar industry.
• Soybeans and Maize for Food Security: A Chinese investor will focus on cultivating soybeans and maize, utilizing advanced agricultural technologies to enhance food security and provide essential raw materials for various industries.
• Sugar Beets for Innovation: An Egyptian investor will introduce the cultivation of sugar beets, a novel approach in Tanzania that promises to diversify sugar production sources and optimize land use.

Economic Impact and Job Creation:

The Mkulazi project is projected to generate substantial economic activity and create numerous regional job opportunities. It is expected to stimulate local businesses and contribute significantly to Tanzania’s GDP.

Government Commitment to Investment:

Gilead Teri, Executive Director of TIC, emphasized the government’s commitment to fostering a favorable investment climate.

Sustainable Development:

The Mkulazi investment aligns with Tanzania’s broader goals of sustainable development, food security, and economic growth. Tanzania is positioning itself as a leader in the region’s agricultural sector by diversifying agricultural production and embracing innovative practices.