Tanzania Launches $640m Agro Project

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Tanzania launched a $640 million agro-industrial project by allocating a 25,000-hectare estate to Pan Tanzania Agriculture Development in Kilwa. The plan includes an 809-hectare export processing zone, modern farms using advanced technology, and sourcing from more than 10,000 smallholders for processing units targeting Asian markets. The investment aligns with government efforts to improve the business environment through regulatory and institutional reforms aimed at attracting and supporting foreign investors.