Agro-sector primed for 6pc growth

Agriculture is the mainstay of Tanzania’s economy whereby between 70 and 80 per cent of its population depends on the sector which is not only the backbone of the national economy but also a survival tool for majority of its citizens.

Less than three per cent of funds requested annually for agriculture and livestock sectors in East Africa are availed by the governments, according to a recent report on the constraints affecting the twin sectors.

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>Deputy President William Ruto has urged local and international investors to take advantage of numerous investment opportunities in Kenya.

Tanzania cashew nut industry is set to improve following the country’s plans to construct three new processing industries this year.

Agriculture accounts for about 28 per cent of the GDP and about 70 per cent of Tanzanians earn their daily living through the sector.     

Efforts by the government to improve the agricultural sector, which is the country’s backbone of the economy, statistics from the Bank of Tanzania (BoT) show that the growth of the sector is sluggish. One of the reasons for poor growth of the sector is lack of support from commercial banks.

Uganda's dairy sector exhibits major potential for growth
NTV Uganda
Uganda's milk production potential has been steadily growing to a point where it can support the dairy sector's industrialization. Uganda's milk production potential has been steadily growing to a point where it can support the dairy sector's industrialisation.

-PwC’s ‘Africa oil & gas review’ analyses what has happened in the last 12 months in the oil & gas industry within the major African markets

The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous fuelled by fraud, corruption, theft, poor infrastructure and a lack of skilled resources, among others. Regulatory uncertainty and delays in passing laws are severely inhibiting sector development in many countries around the continent. “Some key players...