Egyptian firm eyeing for expansion of fertilizer services

06Jul 2019
The Guardian Reporter
The Guardian
Egyptian firm eyeing for expansion of fertilizer services

AGRICULTURE Minister Japhet Hasunga yesterday held talks with the big boss of a fertilizer manufacturing company from Egypt, Raouf Bakry during a meeting held at the ministry headquarters in Dar es Salaam.

AGRICULTURE Minister Japhet Hasunga.

Bakry heads the company known as TOPIC that operates from Cairo. He said the firm is now seeking to expand its services to African countries including Tanzania.

He added that the firm anticipates receiving financial boost (soft loans) from the Exim Bank to expand their services in Africa. He said apart from manufacturing fertilizers, the company also plans to start producing insecticides so as to enhance productivity of agricultural crops.

Meanwhile, Hasunga assured the TOPIC boss that the fifth phase government is committed to facilitate both local and foreign investments.

He said the government welcomes investors in different sectors including construction of processing industries.

“President Magufuli has already made it clear that the government is determined to improve the investment climate for the benefit of Tanzanians”, said Hasunga.

The meeting was also attended by director general of the Tanzania fertilizer company, Salum Mkumba.