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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Tanzania wants investors in edible oil extraction from maize   

ARUSHA Tanzania (Xinhua) -- Tanzania has called on investors to invest in the extraction of edible oil from maize seeds to reduce importation and address market-related challenges.

Charles Tizeba, Tanzania’s Minister for Agriculture said that it was time for investors to chip in and invest in maize value addition.

The call comes at the time when maize farmers in major maize growing regions are complaining over lack of market for maize, the country’s main staple food.

Apart from addressing market-related challenges, the minister said: “This will also encourage more production of maize, meeting the country’s industrialization agenda and averting edible oil imports.”

According to the minister, the east African nation spends at least 83.19 million U.S. dollars annually on edible oil imports despite the country’s potential to grow and produce edible oil.

Tanzania is being ranked among the top 25 maize producing countries in the world in the last two decades. The production of maize accounts for more than 70 percent of the cereal produced in the east African nation.

“Maize can also produce oil and be marketable at local and international level. It should not be used only for food consumption. Maize farming is another area for investment, which if heavily invested will have a significant impact on the country’s economy and across the maize value chain.” 

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