Invest in industries using local raw materials - PS

02Jun 2020
Correspondent
Bariadi
The Guardian
Invest in industries using local raw materials - PS

​​​​​​​THE Permanent secretary in the Ministry of Industry and Trade Prof Riziki Shemdoe has urged Tanzanians to invest in the industrial sector that use locally sourced raw materials.

Prof Shemdoe was speaking in his one-day visit to factories in Simiyu region during which he and his entourage had an opportunity to inspect the new edible oil factory – Bugari Investment that is 100 percent owned by an indigenous Tanzanian.

Prof Shemdoe said the investor; Nkuba Bugari has displayed the importance of having targets in his undertakings.

"If you have set targets you can succeed to accomplish anything, hence I call upon other Tanzanians who can emulate his example to come here and learn,” he said.

Bugari Investment Ltd factory was built at a cost of 2bn/- and will employ 65 Tanzanians including part and full time employees hence contributing to the government income through taxes.

He thanked the government in the region for cooperation to the investor to enable him accomplish his goals.

He also thanked financial institutions for their trust in him and extended loans that had enabled the construction of the factory.

The Bariadi District Commissioner Festo Kiswaga said Simiyu residents and those from neighbouring regions are now assured of the market for their sunflower crops.

He also called on Bariadi residents to continue cultivating sunflower to enable the factory get enough raw materials for edible oil production.

The factory’s director Nkuba Bukari said the work on the project began in 2015 and is in the final stages of completion and will soon embark on edible oil production.

He said the idea to build the factory was derived from President John Magufuli’s call urging Tanzanians to establish factories.

He said the equipment installed in the factory have the capacity to process sunflower, groundnuts and cotton seeds, and added that they can process 48,000 tonnes of sunflower seeds.

He said their aim is to grab the internal market first and later export edible oil.