https://en.sputniknews.africa/20240925/tanzania-plans-to-double-its-coffee-export-value-in-five-years-local-media-reports-1068412557.html
Tanzania Plans to Double its Coffee Export Value in Five Years, Local Media Reports
Tanzania Plans to Double its Coffee Export Value in Five Years, Local Media Reports
Sputnik Africa
On Tuesday, the President of Tanzania, Samia Suluhu Hassan, visited Aviv Tanzania Limited's coffee plantations in Lipokela Village, Songea, in southern... 25.09.2024, Sputnik Africa
2024-09-25T13:05+0200
2024-09-25T13:05+0200
2024-09-25T17:59+0200
sub-saharan africa
tanzania
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east africa
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Tanzanian President Samia Suluhu Hassan outlined the country's plan to increase the value of coffee exports to $500 million by 2029 during a visit to Aviv Tanzania Limited's coffee plantations.Increasing the value of coffee exports will also reduce government borrowing and dependence on foreign loans, the president said. The plan calls for increased government funding for the agricultural sector, including the recruitment of extension workers and the distribution of coffee seedlings to farmers. The government also simplified the coffee buying process through online platforms and faster payments. President Hassan stressed the importance of training farmers, protecting the environment, and meeting foreign market standards.Recent reports show that world coffee prices have reached their highest level since 2008. Despite this, experts predict a 2.2% increase in global coffee consumption this year.
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tanzania, economy, international, east africa, coffee, agriculture, export, economic growth
tanzania, economy, international, east africa, coffee, agriculture, export, economic growth
Tanzania Plans to Double its Coffee Export Value in Five Years, Local Media Reports
13:05 25.09.2024 (Updated: 17:59 25.09.2024) Alla Shukanova
Writer / Editor
On Tuesday, the President of Tanzania, Samia Suluhu Hassan, visited Aviv Tanzania Limited's coffee plantations in Lipokela Village, Songea, in southern Tanzania.
Tanzanian President Samia Suluhu Hassan outlined the country's plan to increase the value of coffee exports to $500 million by 2029 during a visit to Aviv Tanzania Limited's coffee plantations.
Increasing the value of coffee
exports will also reduce government borrowing and dependence on foreign loans, the president said.
The plan calls for increased government funding for
the agricultural sector, including the recruitment of extension workers and the distribution of coffee seedlings to farmers.
The government also simplified the coffee buying process through online platforms and faster
payments. President Hassan stressed the importance of training farmers, protecting the environment, and meeting foreign market standards.
Recent reports show that world
coffee prices have reached their highest level since 2008. Despite this, experts predict a 2.2% increase in global coffee consumption this year.
