FAMIAR - We are powering Africa | Coastweek banner



 Coastweek website



Tanzanian president supports boycott by
cashew nuts farmers: Prime Minister

DAR ES SALAAM Tanzania (Xinhua) -- Tanzanian Prime Minister Kassim Majaliwa said on Friday President John Magufuli supports cashew nuts farmers’ boycott to sell their crop for low prices.

“President Magufuli is fully supporting the farmers’ boycott until the crop fetched handsome prices,” Majaliwa told a meeting of leaders from cashew nuts growing regions.

Tanzanian Prime Minister Kassim Majaliwa | Coastweek


Cashew nuts growers in Mtwara, Ruvuma, Coast and Lindi regions have boycotted selling their crop at auctions, citing low prices.

The prime minister suspended all cashew nuts auctions in the four regions until the pricing issue is sorted out.

“The government is seriously addressing this issue and it will come up with a solution by the end of this month,” said Majaliwa.

Majaliwa held talks with regional
commissioners of the four regions

Majaliwa held talks with regional commissioners of the four regions and chairmen of co-operative unions and officials of the Cashewnut Board of Tanzania on the price stand-off and other issues facing the cashew nuts market.

At least three cashew nuts auctions have been boycotted by farmers so far due to prices which they said did not meet their expectations.

DAR ES SALAAM Tanzania -- Tanzania Prime Minister Kassim Majaliwa.

The farmers enjoyed record high prices of up to 4,000 Tanzanian shillings (about 1.75 U.S. dollars) a kg last season, but buyers are offering a maximum of Tanzanian shillings 2,700 (1.18 dollars) a kg this season.

The new buying season started early this month but no trading has taken place due to the boycott, leading to fears that the disruption would affect the country’s foreign exchange earnings.

International prices for cashew nuts have dropped by nearly half since March.


Tanzania plans to revoke ownership of undeveloped sisal farms: minister

DAR ES SALAAM Tanzania (Xinhua) -- A Tanzanian government senior official on Sunday directed the Tanzania Sisal Board (TSB) to assess sisal plantations across the country and revoke ownership from the investors who have failed to develop them.

William Lukuvi, the Minister for Lands, Housing and Human Settlements Development, said sisal plantations that will be repossessed by the government will be given to investors with the ability to develop them to acceptable levels.

“The government has no intention to chase away investors, rather it welcomes credible investors that will help enhance the country’s economic growth,” he said.

Lukuvi gave the directive in Ndungu ward in Kilimanjaro region when he addressed employees of LM Investment, a company that owns 3,000 hectares of sisal plantations in the region.

Lukuvi said he was not satisfied with the way the company was operating, noting that the government was not benefiting from sisal investments in the area.

“The company owns 3,000 hectares of land but it pays a small amount of money to the government in terms of revenues which is not acceptable,” said the minister.

“TSB should ensure that sisal plantations are well supervised and enough revenue is collected to benefit the country. Investors who fail to develop their plantations should have their certificate of occupancy revoked,” said Lukuvi.

LM Investment director Omari Mndeme pledged to make major reforms in developing the plantations to increase production and revenue generation in order to benefit the country.

“We promise to increase capital and production techniques. We will also give the youth long term employment contracts and ensure government revenues are increased,” said Mndeme.



Remember: you read it first at coastweek.com !

BestWestern Swiss Cottage Hotel London | Coastweek


TO ADVERTISE ON THIS WEB SITE:  www.coastweek.com
Please contact

MOMBASA - GULSHAN JIVRAJ, Mobile: 0722 775164 Tel: (+254) (41) 2230130 /
Wireless: 020 3549187 e-mail: info@coastweek.com

NAIROBI - ANJUM H. ASODIA, Mobile: 0733 775446 Tel: (+254) (020) 3744459
e-mail: anjum@asodia.co.ke

    © Coastweek Newspapers Limited               Tel: (+254) (41) 2230130  |  Wireless: 020 3549187  |  E-mail: info@coastweek.com