Initial focus on maize, soy, expansion to include chicken
U.S. firm AgriSol Energy LLC will invest $100 million over the next 10 years to develop a large-scale commercial poultry and crop production project in western Tanzania.
The project will initially focus on the growth of maize and soy, according to Bertram Eyakuze, one of AgriSol Tanzania’s directors. An expansion to include poultry will have the goal of eventually weaning Tanzania off importing chicken from Brazil and other countries. “Our initial project in Lugufu involves approximately 10,000 hectares — a tiny percentage of the overall available land in Tanzania — but large enough to have a meaningful impact on the country’s agricultural industry,” said Eyakuze.
Investors will look into further expansions once the Lungufu project is completed.