M a r k e t N e w s

Tanzania's oil shortage becomes good news for importers

Posted on : Monday , 1st April 2019

Tanzania is becoming a promising market for edible oil players as its seeking investors in the edible oil sector to tame its huge import bill, which stands at $294 million. The nation is facing a large deficit in production of edible oil, paving the path for imports to meet growing demand. The government has is finding measures to reduce duties on imports, including from East African Community member states, resulting in  more and more players frequently making advantage of this situation.

 
The Tanzania Investment Centre is now seeking investments in edible oil processing to help bridge a supply gap of 320,000 tonnes. As per the TIC, Tanzania’s annual demand for edible oil stands at 500,000 tonnes, whereas the country can supply only 180,000 tonnes, forcing it to import 320,000 tonnes annually and this demand is only going to increase.
 
With demand forecast to increase from 500,000 to 700,000 tonnes by 2030, Tanzania guarantees a growing market for investors for the foreseeable future.The sources of edible oil in Tanzania are sunflower, palm, groundnuts, sesame, soya beans and cotton. Also,  
 
Oilseeds are produced in almost all regions in Tanzania. Tanzania is Africa’s second biggest sunflower seeds producer, accounting for 35 per cent of the continent’s output after South Africa which accounts for 46 per cent.
 
Tanzania is seeking investors at a time when a protracted standoff with other EAC members, particularly Kenya, over its duty imposition on regional imports remains unresolved.
 
The country is charging a 35 per cent import duty on semi-refined and double refined edible oil and a 25 per cent import duty on crude palm oil and another 25 per cent on other forms of crude edible oils. Kenya contends that these duties are against the EAC Common Market protocol that provides for free movement of goods in the region. But the growing demand in the market will not be able to stop the imports of these items to reach all time high. 
 

Source : www.newzmart.com
-->
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • PRODAL 94 SRL
  • ME GUSTA

Complete List  

Advertisers in previous issue:

  • Wide Range of Kitchen Equipments.
  • Manufacturer of prepared ethnic food and frozen seafood located in Sg. Besar, the western coastline of Selangor.
  • KAP CONES , having built up an unrivalled reputation for exceptional quality, performance & service in printing industry for last over four decades, diversified into producing cone sleeves with auto rolling mechanism for ice cream cones requirement
  • The Major Food Processing & Packaging Technology Show in Egypt & North Africa
  • OASIS is a subsidiary of OASIS International. The OASIS brand is the recognized worldwide leader in the design and manufacture of bottled and pressure water coolers.
  • We are a prominent packaging company based at industrial heart of Ahmedabad city.
  • Wide Range of Food Products.
  • Manufactures & Suppliers of all Hotel,Restaurant & Bakeries Equipment.
  • Alexform is the leading manufacturer of cold rolled steel profiles, offering both quality products and reliable service to its customers via the most advanced production facilities in Egypt.
  • Kitchen Equipment
  • Immediately following WWII, Pan American World Airways had a vision of mass civilian international business and leisure air travel and so began trailblazing its way across the skies of the Americas, Europe, Africa, Asia and the Middle East. Thus came
  • Bag Snacks registered since 1987 a constant growth, managing to position itself in Italy just below the major leaders of the sector.
  • The Gulf Union Foods Company is one of the key national companies that have a clear contribution to the food manufacturing sector, especially juices and beverages.
  • Magazine
  • More than 30000 food and non-food references delivered anywhere in the world.
  • Sunshine is one of the leading prestigious fast developing firms in the field of Import & Export Company all over the Globe.
  • Industrial Dynamics / filtec has been a leading innovator in the filed of inspection and laser coding equipment
  • International Exhibition on Food Products, Processing & packaging Machineries and Allied Industries.
  • Gateway to Global Food B2B Marketplace
  • Supermarket Shelving,Freezers,Chillers;Trolleys;Weiching Scales;Cash Registers Labelling Machines;etc.
  • MM Vitaoils is a world leader in downstream palm oil industry with full range of packaging.
  • Sonarome has supplied customers with quality flavours and fragrances.
  • This journal goes to producers, buyers, traders and carriers dealing with the food industry products from Ukraine, and neighbor and foreign countries.
  • The company was established since 1976Group of Companies, one of Ghazi and OlayanThe company is located in the schwing and this region is very rich in fruit trees of all varieties because of its mild climate
  • Ideo Tecnica, a company specialized in machinery for the confectionery industry and especially chocolate

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Terms |  Follow us on : Facebook
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2026 Afrotrade