PROMOTION of Tanzania's investment and trade opportunities at the ongoing China-ASEAN Expo (CAEXPO) 2018, here, have started yielding positive results with some Chinese investors expressing interest in processing cassava starch.

The good news comes amid the 1 billion US dollars (about 1.22trl/-) agreement between the governments of Tanzania and China in commercialisation of the tubers, which are on high demand in Asian countries, particularly China.
Speaking on the sidelines of the Tanzania Promotion Conference and Business Matching yesterday, the Managing Director of Fosham Guangji Trade Company Limited, Mr Qiu Ruming, told the 'Daily News' in an interview that his company is interested in setting up the processing facility in Tanzania.
"There is a very huge demand for cassava in China. I will travel to Tanzania in November, this year, to explore the possibility of establishing a processing facility there," Mr Ruming explained during the interview at the Nanning International Convention and Exhibition Centre (NICEC).
The Chinese investor is currently operating four cassava processing factories in neighbouring Vietnam, but he is now eyeing to expand wings to Tanzania, To read more.....https://www.commodity-port.com/index.php?page=article&&view=198