{"id":16037,"date":"2024-12-03T09:31:45","date_gmt":"2024-12-03T05:31:45","guid":{"rendered":"https:\/\/gbc1.net\/?p=16037"},"modified":"2024-12-10T09:51:21","modified_gmt":"2024-12-10T05:51:21","slug":"peter-burg-invests-130m-in-edible-oil-factory-in-tanzania","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2024\/12\/03\/peter-burg-invests-130m-in-edible-oil-factory-in-tanzania\/","title":{"rendered":"Peter &#038; Burg Invests $130M in Edible Oil Factory in Tanzania"},"content":{"rendered":"\n<p>As part of its policy to reduce reliance on imports for its <a href=\"https:\/\/gbc1.net\/index.php\/tag\/foodsecurity\/\">#FoodSecurity<\/a>, Tanzania is announcing the implementation of a new edible oil factory by Hungarian firm Peter &amp; Burg Company Limited. The company plans to invest USD 130 million to process mainly sunflower into cooking oil.<\/p>\n\n\n\n<p>To that effect, an agreement has been reached on 2 December 2024 between the Tanganyika Farmers Association (TFA) et the Mkulima Coops, a subsidiary of Peter &amp; Burg. With the offtake money, TFA plans to build a seed production facility and an organic fertilizer plant to support the sunflower industry and the sustainable Local Value Addition (<a href=\"https:\/\/gbc1.net\/index.php\/tag\/lva\/\">#LVA<\/a>) of sunflower.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"b5a81c\" data-has-transparency=\"false\" style=\"--dominant-color: #b5a81c;\" decoding=\"async\" loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/gbc1.net\/wp-content\/uploads\/2024\/12\/Sunflower-02W-jpg.webp\" alt=\"\" class=\"not-transparent wp-image-16042\" srcset=\"https:\/\/gbc1.net\/wp-content\/uploads\/2024\/12\/Sunflower-02W-jpg.webp 640w, https:\/\/gbc1.net\/wp-content\/uploads\/2024\/12\/Sunflower-02W-300x169.webp 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/figure><\/div>\n\n\n<p>Sunflower is one of the main crops grown in Tanzania. During financial year 2022-2023, Tanzania produced 480,000 tonnes of sunflower seeds. Construction of the oil plant is scheduled to start in January 2025.<\/p>\n\n\n\n<p>It is worth recalling that in June 2024, Chinese company <a href=\"http:\/\/www.ChinaMainland.com\" target=\"_blank\" rel=\"noreferrer noopener\">Mainland Group<\/a> also announced an <a href=\"https:\/\/gbc1.net\/index.php\/tag\/fdi\/\">#FDI<\/a> of USD 28 million to build a similar edible oil factory in Dodoma, which is expected to enter into production soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of its policy to reduce reliance on imports for its #FoodSecurity, Tanzania is announcing the implementation of a<\/p>\n","protected":false},"author":1,"featured_media":16041,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[6],"tags":[38,54,33],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Peter &amp; 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