Relief as foreign investor set to purchase 10,000 tonnes of tobacco

84
Relief as foreign investor set to purchase 10,000 tonnes of tobacco
Relief as foreign investor set to purchase 10,000 tonnes of tobacco

Africa-Press – Tanzania. DEPUTY Minister for Agriculture, Anthony Mavunde on Friday told the august House that that a new buyer has entered the market and is expected to purchase 10,000 tonnes of tobacco from farmers in 2022/2023, a move that comes as a blessing in disguise to tobacco growers.

Mr Mavunde told the Parliament that Amy Holdings Limited, a local company has so far finalized the process to take over activities of the Tanzania Leaf Tobacco Company (TLTC) that used to purchase tobacco.

He was responding to a question raised by Ushetu MP, Emmanuel Cherehani (CCM) who had wanted to know when the government would finalize talks with TLTC.

“When shall the government conclude talks with TLTC for it to return to the country and start buying tobacco from farmers?,” he asked.

Responding, the deputy minister said the company has been issued with a license of operation and is expected to buy 10,000 tonnes in the coming season.

“Amy Holdings Limited has started buying tobacco and will start processing the crop in Morogoro as from July 2022” said the deputy minister.

Mr Mavunde paid tribute to President Samia Suluhu Hassan for efforts aimed at creating a conducive environment for investors, attracting both local and internationals.

For More News And Analysis About Tanzania Follow Africa-Press

LEAVE A REPLY

Please enter your comment!
Please enter your name here