THE foreign Affairs
and East African Cooperation Minister, Prof Palamagamba Kabudi has held
talks with the Chief Executive Officer of the Norwegian Investment Fund
for Developing Countries
"We are certainly
pleased with the Africado project in Siha District, Kilimanjaro as it
has been producing avocados that are exported to various European
countries like the Netherlands, United Kingdom, France, Spain, Portugal,
and the Middle East, which has considerably helped the government to
boost its GDP," he said.
Professor Kabudi added that, the project has also provided around 600 employment opportunities to the Tanzanian citizens.
In his remarks, Mr
Thorleifsson said the purpose of the fund was to invest in various
projects within sub-Saharan Africa that will help the countries' economy
to grow fast.
"By the end of 2018
the fund that was already invested in the country was 160m/- US dollars
injected in various projects covering energy, finance, food and
agriculture sectors. The investment has made Tanzania the fourth country
in benefiting from Norfund projects," he stated.
Norfund is a
subsidiary of the Norwegian government responsible for investing capital
and expertise in creating various sustainable projects in developing
countries with the aim of contributing to economic and social
development, explained Mr Thorleifsson.
The visit provided an opportunity for both parties to discuss how best to improve their priority areas in the investment sector
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