Government Backs Seed.Co's Billion-Dollar Investment in Seed Factory and Storage Facility

The Tanzanian government has pledged its full support for Seed.Co, a leading producer of grain and vegetable seeds, in its ambitious project to construct a seed factory and storage facility worth five billion Tanzanian shillings. The factory, located in Kisongo, Arumeru district in the Arusha region, is expected to provide jobs and significantly increase the availability of food crop seeds, thus ensuring timely distribution to farmers and bolstering national food security.

In a recent groundbreaking ceremony attended by the Regional Commissioner of Arusha, John Mongela, the government expressed its commitment to Seed.Co's venture, emphasizing its potential to address seed shortages and enhance seed quality.

Mongela commended Seed.Co for its investment decision, highlighting the company's pivotal role in Tanzania's agricultural sector. He stated, "Seed.Co operates in 22 African countries, making it a significant player in the seed industry. Their investment in Tanzania is a testament to the favorable investment climate in our country, and it will encourage more investors to participate in our nation's development."

The Regional Commissioner assured Seed.Co of the government's unwavering support throughout the project's completion. He said, "Seed.Co is a reliable partner in our policies and efforts to strengthen and advance agriculture in our nation. President Samia Suluhu Hassan consistently urges us to motivate and support stakeholders when possible, and this support aligns with our government's commitment."

Morgan Nzwere, the CEO of Seed.Co, explained that the company had previously operated in Tanzania through leasing arrangements. However, the increasing demand for seeds prompted the decision to invest in the construction of a processing plant and storage facility to double their efficiency.

He mentioned that Seed.Co currently operates in 22 African countries and is one of the continent's largest seed companies, dealing in maize, barley, wheat, soybeans, and various vegetable seeds.

The investment in Tanzania is crucial for Seed.Co as it will enable them to meet the growing demand for seeds locally. Additionally, it will reduce the need to import seeds from other countries, ensuring the timely availability of seeds to Tanzanian farmers.

The construction of the plant, which spans 6,000 square meters and is estimated to cost five billion Tanzanian shillings, is expected to transform the Kisongo area and create employment opportunities for the local population. Furthermore, it will contribute to government revenue through taxation while aligning with Tanzania's food security objectives.

Seed.Co's investment in a state-of-the-art seed factory and storage facility is a significant step toward strengthening Tanzania's agricultural sector and ensuring food security. The government's support for this initiative underscores the importance of public-private partnerships in driving the nation's development.