CashewInfo
News

Home   >   NEWS & VIEWS   >   News

  • $13.9mln boost for Tanzanian cashews

    Nov 18th, 2015

    The Tanzanian cashew industry was recently allocated Sh30 billion ($13.9mln USD) for the construction of three factories to help to boost country's processing capacity of its second largest export crop.

    The factories will be built in Mtwara, Mkuranga and Tunduru and are expected to save 80 per cent of Tanzania cashew nuts currently exported in raw form. Enabling farmers to earn more from processed cashews.

    Each factory will have capacity to process 10,000 tonnes of cashew nuts per annum and assure farmers with high returns when their produces are processed locally before exporting. Cashew nut Industry Development Trust Fund (CIDTF) will fund the construction of the industries.

    Acting Chairman, Cashew nut Board of Tanzania (CBT), Mr Mudhihir Mudhihir told the press yesterday at the sideline of 3rd International Cashew Conference held in Dar es Salaam and brought together 140 participants from 22 countries that the construction is waiting some activities to complete.


    Source: www.allafrica.com