We advise clients looking for investment opportunities in the sector, and investors seeking to set up as project developers and/or fund managers, as well as lenders to the sector, sometimes through PPP initiatives such as Kilimo Kwanza 2009 and the Southern Agriculture Growth Corridor of Tanzania (SAGCOT).
Key legislation relevant to the agricultural sector includes:
- Land Act CAP 113
- Environmental Management Act 2004
- Banking and Financial Institutions (Development Finance) Regulations 2012
- Warehousing Receipts Act 2005 CAP 339 and Regulations 2016
- Tea Act CAP 275 and Regulations
- Fertilisers Act 2009 and Regulations
- Cotton Industry Act
- Coffee Industry Act
- Sugar Industry Act
- Seeds Act 2003
Agribusiness projects in Tanzania include horticulture, crop farming and the biofuels. The agriculture sector is managed by the Ministry of Agriculture, Food Security and Cooperatives.
The detailed process for the acquisition of land for investment is an important factor to bear in mind, given the restrictions under Tanzanian law on the purchase of land by foreigner investors.
The increase in development finance in the agriculture sector has resulted in changes in the law, such as requirements for development organisations to obtain licences from the Bank of Tanzania.
Please contact us if you have any comments or questions, so we can advise you further.
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