In a bid to fortify its trade position, Tanzania is taking decisive steps to reinvigorate its cashew processing sector. Prime Minister Kassim Majaliwa’s recent visit to the Mtwara Region underscored the government’s commitment to elevating the value of the cashew crop.The focus lies in transitioning from exporting raw cashews to processed ones, a move expected to yield greater economic benefits.
Read More: The Visionary Architects of Africa’s Tech Ecosystems
PM Majaliwa emphasized that selling unprocessed cashews undermines potential earnings for both the nation and its farmers. By urging farmers to embrace selling processed cashew nuts, the government aims to amplify the crop’s value and encourage trade expansion. He stressed that it is time for a transformation, calling on farmers to seize the opportunity to participate in the processing industry.
The push for processed cashews aligns with President Dr. Samia Suluhu Hassan’s vision of showcasing Tanzania’s capabilities on the global stage. Processed cashews, compared to their raw counterparts, command significantly higher prices, offering a substantial boost to the country’s trade revenues.
Key players in the cashew sector, including Organic Growth Limited (OGL), are backing this initiative. Aldina Fakiri, Director of OGL, highlighted that the factory is primed to process large quantities of cashews, fostering trade growth and economic efficiency. OGL not only aims to elevate the crop’s value but also intends to collaborate with farmers in finding lucrative markets for their products.
Read More: The Vital Role of Social Networking Services for Tech Startups and Business Incubators
This renewed focus on processed cashews holds the promise of a twofold benefit: enhancing trade prospects and generating employment opportunities. The transition from raw to processed cashews is not just a strategy for economic advancement, but also a pivotal move in positioning Tanzania as a significant player in the global trade arena. As the nation strives to capitalize on the potential of its agricultural resources, this shift could mark a turning point in its trade trajectory.