The Tanzania Investment Centre (TIC) has announced that the Tanzania Cashew Nuts Forum will be held on the 12th and 13th of July 2019 in Mtwara, under the patronage of His Excellency the President of Tanzania, Dr. John Pombe Magufuli.
The forum will take place at the Bank of Tanzania Conference Hall in Mtwara Branch, and aims to attract potential investors from outside Tanzania as well as domestic investors interested in establishing cashew nuts processing projects as well as industrial parks in Tanzania and more specifically in Lindi and Mtwara regions.
Tanzania is among the World’s largest producer of raw cashew nuts (RCN), whereby during 2017/18, it realized a total production of RCN of 313,826 Metric Tons – but about 90% of cashew nuts exported in their raw form owing to the country’s low processing capacity.
This is why the Government of Tanzania (GoT) is actively seeking investors in cashew nuts processing and has recently produced a study that identifies investment opportunities in cashew nut growing and processing in the country.
The forum will engage business investment institutions operating in the cashew nuts sub-sector to showcase the following opportunities:
1) Adding value to raw cashew products through processing:
-Nuts (kernels) into various products
-Cashew apples into juices and liquors
-Cashew shells squeezed into saleable liquids
2) Investing in new cashew farming/plantations and provide extension services so as to increase productivity and total tonnage:
-Opening new, large scale cashews’ plantations in Tanzania
-Provide agronomic extension services to improve cashews productivity from the current 0.3 MT/year to the real potential of 1.0 MT/year
3) Investing in the production and supply of cashews’ machinery/equipment/spare parts:
-Local manufacture of machinery or equipment to process nuts, cashew apples, and cashew shells
-Manufacture of spare parts.
4) Construction of industrial parks and development of cashew processing industrial zones.
5) Investment in other related areas.
The forum will be an opportunity for international private investors to meet with the highest government authorities, identify and seize business opportunities, and create partnerships with local economic operators.
To register to the forum follow the link: http://tic.go.tz/registerOnline.