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
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.
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 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.
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.