VIETNAMESE FIRMS OFFER TO REVIVE ALL IDLE TANZANIAN CASHEW NUT FACTORIES, OPEN NEW ONES

DAR-ES-SALAAM, Exports of raw cashew nuts from Tanzania will soon cease, thanks to the arrival of a number of Vietnamese firms which have expressed interest to revive all idle factories and construct many more, says Industry, Trade and Investment Minister Charles Mwijage.

The Tanga Region (province) on the northern part of Tanzania's Indian Ocean coastline, will be the first beneficiary under the envisaged distribution of agricultural inputs, training of citizens on modern cashew nut production systems and job creation.

Available data show that about 90 per cent of Tanzanian cashew nuts is exported to India in raw form, with a small portion, less than 10 per cent, processed within the country.

The country has huge potential of expanding production and increasing productivity as well as adding value to the cash crop beyond the current 10 per cent, making use of byproducts, as well, said Mwijage.

Speaking during the final preparations for a business delegation to India here last week, he said: The coming of Vietnam is a result of improved investment environments... we do expect many more investors.

After Tanga, the Vietnamese investors would go to Lindi, Mtwara and other areas, training and encouraging Tanzanians to produce cashew nuts, the Minister said.

Source: NAM NEWS NETWORK