He made the promise on Saturday during
his visit to Mahonda Sugar Factory, north of Zanzibar Stone Town where
he commended the ongoing refurbishing of the factory under the new
management of ‘Shanta Sugar Holding Limited’ from India.
Dr Shein said the government recognizes
efforts being taken by investors, as he assured that the government will
continue to be close to both local and foreign investors for the
development of the Islands.
“It is a fact that no country can
develop without investors’ support because of their role in economy and
providing employment to citizens,” said Dr Shein.
The more than $41m investment in the
sugar factory has provided employment to at least 700 people comprising
200 working in the factory, and the rest in sugarcane farms.
Dr Shein was impressed to learn that the
factory was also planning to start producing its own electricity, and
the surplus power to be used by poor people in the nearby village.
‘Shanta Sugar Holding Limited’ factory management chairman, Mr Mahesh
Patel, informed the President that they have been progressing well.
The factory has requested the government
for more land for cultivation, warehouses, and houses for their staffs,
receiving accepting nod from Dr Shein.
The Zanzibar Minister responsible for
Investments, Mr Omar Yussuf Mzee, said before the President that the
development of the sugar factory was an opportunity for economic growth,
and employment and “other products like fertilizers to be used in the
islands.”
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