Tanzanian horti industry attracted $30 million in foreign money in the last four years

This week, Tanzania’s Minister of State Angellah Kairuki said that the flow of foreign direct investments (FDI) of the past four years is a clear sign of investor's growing interest in the industry.  

Experts say that FDI have played a very significant role in increasing growth of the horticulture industry by importing technological and expertise needed. As more private investors jump into the industry, growth will continue to skyrocket. Experts claim that horticulture has a potential of generating up U$3 billion in revenue for the country per annum.

With an annual growth rate of 11 percent, the horticultural industry has turned into the growth driver of the entire Tanzania's agriculture. Its input to overall agrarian exports value has grown by 30 percent on average.

Source: ippmedia.com

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