Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Agriculture

Tanzania: Cotton export earnings to reach $150M, by 2020

Friday, 29 June 2018 18:54

(Ecofin Agency) - Tanzania’s government plans to boost cotton shipment revenues to $150 million by 2020, up from the current $30 million. This was announced by the Deputy Minister of Agriculture Mary Mwanjelwa.

According to information relayed by Xinhua, the government have set since 2007, a battery of measures as to bring the cotton output to 600,000 tons. Mwanjelwa said that during the 2018 campaign, growers will use seeds from the UKM08 improved variety developed by Ukiriguru Research Institute.

In this country, cotton is agriculture’s second largest source of foreign exchange after coffee. The crop is grown in more than 20 regions and sustains about 40% of the population, both directly and indirectly. Tanzania exports almost 70% of cotton output mainly to Indonesia and Thailand.

Espoir Olodo

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.