MAURITIUS investors have now started working on initial stages to set up major investments in the country’s sugar sector, following a recent visit by Prime Minister
The country’s high sugar deficit has
lured big companies from Mauritius to invest in Tanzania, with some
delegations already visiting the country for primary proce dures. This
comes at the heights of country’s desire to increase its sugar
production to meet its needs and export the surplus.
The country currently has five factories
producing some 320,000 tonnes of sugar a year while the annual demand
stands at 420,000 tonnes. The PM, who attended the African Economic
forum in Port Louis, Mauritius, paid a visit to Alteo Group when he was
there.
The premier, in his maiden trip to the
island in March this year toured sugar plantations and some factories
during which he encouraged investors to invest in the sector in Tanzania
so as to assist the country reach a sugarself-sufficient level.
Deputy Consul of the Honorary Consulate
of Mauritius in Tanzania, Mr Syed Kazim Rizvi, said that two delegations
from two companies in Mauritius have already visited Tanzania, and are
intending to invest in the sugar sector.
The agreement will set a pace for the
investment in the sugar sector in the country in Kigoma Region,
including Kibondo District.
Mr Syed told the ‘Daily News’ during an
interview in Dar es Salaam yesterday that the coming of Alteo Group was a
response to the request by Prime Minister Majaliwa who asked them to
come and expand their investments in Tanzania.
The company has already visited Kigoma
Region and conducted analysis on soil, weather and water in the area.
“The Alteo delegation was impressed by the potential of establishing a
sugar cane plantation and sugar mill in the region,” he said.
He noted that the Consulate of the
Mauritius supports the country by bringing in more investors from
Mauritius upon recognizing the efforts of the Fifth Phase Government in
its industrialisation agenda.
In line with this, last April, the
Consulate had also hosted a delegation from the Sugar Investment Trust
(SIT). As the largest public company in Mauritius, the SIT Group has a
rare model of economic empowerment with more than 55,000 shareholders
comprising mainly of small cane growers, employees and pensioners of the
sugar industry.
The SIT Group has engaged in meetings
with officials of the Tanzania Investment Centre (TIC) and Sugar Board
of Tanzania with a purpose of investing in the sugarcane production.
The company expressed interest to embark in large scale sugarcane production in Morogoro Region.
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