THE Local Authorities Pensions Fund (LAPF) will this year execute three grand industrial projects worth over 70bn/- in three regions in a bid to support the country’s industrialisation drive.
The Fund’s Director General, Mr Eliud
Sanga, said at the ongoing Dar es Salaam International Trade Fair (DITF)
that the projects would be implemented in Morogoro, Kilimanjaro and
Mara regions.
“Soon we will sign an agreement with a
company from Oman for the implementation of these ‘state- of-the-art’
meat industry projects at Nguru Hill in Morogoro Region … expected to
take off before end of the year,” he said.
He said there are already 60,000
hectares of land at Nguru Hill for the industry that would have capacity
to process some 350 cattle per day, and the meat subsequently be
exported to Oman where there’s a huge, ready-made market.
Mr Sanga said LAPF would also invest
some 1.5bn/- in a ginger factory in Same District, Kilimanjaro Region,
where the process to procure machinery was already underway.
He said the other project expected to be
realised would involve revamping the Musoma Textile (MUTEX) for 56bn/-
for cloth manufacturing. He said the fund’s total investment budget in
this financial year is 445bn/- which is 72 per cent of the annual
collection.
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