US firm backs large poultry project in Tanzania
Aug. 22, 2011
by Meat&Poultry Staff
WASHINGTON – AgriSol Energy, a US firm and a Tanzanian partner, will invest more than $100 million over the next 10 years to develop a large-scale commercial crop and poultry farming project in the east African country, according to the Aug. 19 edition of the National Chicken Council’s Washington Report.
The US-based company has joined with Serengeti Advisers, a Tanzanian investments and consulting firm, to invest in crop and poultry production in western Tanzania. Costs for the initial project in Lugufu has been projected to be in excess of $100 million over the next 10 years to develop the area. Initially, the focus will be on the growth of maize and soy, Bertram Eyakuze, one of AgriSol Tanzania directors told Reuters. The original project is just a “tiny percentage of the overall available land in Tanzania,” he added.
Poultry production would also be a focus of the project so that country does not have to rely so heavily on importing chicken from Brazil and other countries and to improve the country’s overall food security.