Tanzania becomes Africa’s food-producing hub, aided by conducive business environment

Tanzania, besides becoming an apex investment destination in Africa, has now developed as a food-producing hub in the continent, according to latest data from the Bank of Tanzania (BoT) and the Ministry of Agriculture.

The food production boom in the East African country was possible thanks to the initiatives of its current administration, which has doubled investments in irrigation farming, fertilizer subsidies, seed production, and seed subsidies.

Tanzania has developed into a center for food exports, feeding nations in the African region as well as the rest of the world, having sold veggies worth $1.01 billion over the course of the past five years. Tanzania also exported grain crops worth nearly $1 billion during the same period, primarily rice and maize.

“These statistics indicate that Tanzania is among the top five rice producers on the entire African continent and the largest rice producer in East Africa,” the BoT said in a statement.

These figures were released as Tanzania’s President Samia Suluhu Hassan raised the curtain on the Africa Food Systems Forum, a significant agricultural gathering that will take place in Tanzania in September this year.

This growth in Tanzania’s agricultural sector is coming alongside a growing FDI rate in the country, all of which has been fueled by the government’s business-minded approach to governance. The growth in these sectors is a result of the favorable business conditions, being put in place via the president’s initiatives, making local and foreign businesses operate in one of the most conducive business ecosystems in all of Africa.