Tanzania is promoting competitive, inclusive and sustainable investment in the agriculture sector, according to the Acting Permanent Secretary, Ministry of Investment, Industry and Trade, Mr Ally Gugu, Ministry of Industry, Investment and Trade.
He addressed Tanzania Agribusiness Investment Summit 2022 on 30th August 2022, in Dar es Salaam, with the theme “Grow, Nourish, Reward – Bold Actions for Resilient Food Systems in Tanzania.”
He said that the Ministry of Industry, Investment, and Trade recognise and appreciates the cooperation and coordination for Tanzania’s preparation for AGRF 2022.
In his introductory remarks, Mr Gugu highlighted that the primary purpose of this summit was to prepare for African Green Revolution Forum (AGRF) Summit to be held from 5th to 9th September 2022 in Kigali, Rwanda.
He underscored the importance and emphasised the focus and drive of the revolutionary government of Zanzibar, particularly in pushing the agenda of the blue economy.
“The outcome of this meeting will also form a huge substantive part of the discussions during the AGRF in Rwanda,” he said.
At the same time, he encourages all the members, stakeholders, participants of the ministry and the agriculture-led ministries to make an annual summit. “The subsequent annual events will engage prospective local and international investors and stakeholders involved in agriculture or agribusiness.
The Director of Policy and Planning in the Ministry of Agriculture, Mr Obadia Nyagiro, underscored that the investment climate in Tanzania has dramatically improved, and the agriculture budget also has been raised.
The Ministry of Investment Industry and Trade, in collaboration with the Ministry of Agriculture with close engagement with other Agriculture Sector Leading Ministries (ASLM’s),, including the Livestock and Fisheries sectors prepared a dedicated summit named Tanzania Agribusiness Investment Summit (TAI Summit 2022) and themed “Grow, Nourish Reward- Bold Actions for Resilient Food Systems in Tanzania”.
The summit accorded participants a platform for exchanging ideas and opportunities to effectively learn and match investment opportunities mainly in four selected value chains,, namely, Sunflower (edible oil), Horticulture (fruits and vegetables), fisheries and Livestock (Dairy value chains).
The main objective of this summit was to bring together all critical State and Non- state stakeholders, including representatives of Government MDA’s, Development Partners, Agribusiness Investors (SMEs and Large investors), umbrella organisations, as well as other critical stakeholders in the sector as a means of unlocking potentials of connecting and match-making between investors in agribusiness sub-sector mainly through Deal rooms.