Seven Brazilian companies dealing in soya, sugar cane, corn and cotton cultivation have expressed interests in investing in Tanzania, after a state tour to Brazil in April where the East African country’s president, Jakaya Kikwete, marketed the nation’s investment potential in the agricultural sector.

A total of eleven representatives were sent by the investors to get first hand information on investment potentials especially on agriculture.

While acknowledging the president’s visit as a stimulator for the investment outreach, Tanzania Investment Centre (TIC) Acting Executive Director, Raymond Mbilinyi, said TIC gave the investors information on investment opportunities in the Southern Agricultural Growth Corridor of Tanzania (SAGCOT) and the government’s Agriculture First initiative, popularly called ‘Kilimo Kwanza.’

The investors were also enlightened on other benefits and incentives that would be derived from investing in the country.

According to Mbilinyi,  such investors will help create a strong base of tax payers and develop the agricultural sector in the country by via new technologies and collaboration with local farmers.

The  delegation will also be visiting Mozambique, South Sudan and Ethiopia to seek investment opportunities.

Image via businessweek