31 January 2013

Tanzania: Private Sector Advised to Venture Into Fish Processing

Dodoma — THE Private sector has been challenged to invest in fish processing business, to cater for the products' increasing local and foreign demand.

In so doing, the government welcomes more investors and the private sector invests by constructing as many factories as possible particularly in Lake Tanganyika and Lake Nyasa, which have not been exploited to the fullest.

The Minister for Livestock Development and Fishing, Dr David Mathayo David, said here yesterday that the country has not been able to tape existing potentials found in its lakes and deep waters due to insufficient investment and resources.

Responding to a question from Wawi MP Mr Hamad Rashid Mohamed (CUF), Dr Mathayo said Tanzania needs to attract more investors in that area which is exporting only 0.07 percent of the total capacity

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