AFP/File / Tiziana Fabi Australian police charge a woman with fraud after she allegedly spent US$3.4 million that her bank mistakenly gave her, with much of the money reportedly lavished on handbags
AFP/File / Tiziana Fabi Australian police charge a woman with fraud after she allegedly spent US$3.4 million that her bank mistakenly gave her, with much of the money reportedly lavished on handbags

Tanzania is set to revive 10 sisal processing plants in five estates located in north-eastern Tanzania’s region of Tanga, according to Tanzania’s National Social Security Fund (NSSF).

Director General of NSSF, Godius Kahyarara said on Sunday that once revived, the plants will be able to produce a wide range of products such as bags, chairs, ropes, rest-chairs, carpets, fertilizers, and animal feeds.

“We have seen great opportunity in sisal farming and decided to grab it, and by doing that we will be supporting the country’s industrialization agenda as well as increasing employment opportunities,” he said.

According to Kahyarara, sisal has played a significant role in the country’s economy, as the country’s largest foreign exchange earner up to the 1970s and the largest employer as well.

The official said that they have decided to increase investment in sisal farming because of its socio-economic importance.

“Presently, even in a depressed state, the sisal industry is employing over 100,000 people in the country. Demand is still high locally and internationally, so more investments are still needed,” he added.

Kahyarara also noted that more investment in research, skills, technology to improve the sector are essential to avoid going back to what happened 60 years ago.

He also cited packaging as another key area that needs improvement calling for other organizations to invest in the area to enable small-scale farmers pack their products well to access foreign markets.

“Packaging is another area with huge investment opportunities, so people can grab this opportunity to push forward the country and achieve industrialization goals,” said Kahyarara. Enditem

Source: Xinhua/NewsGhana.com.gh

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