A Tanzanian agribusiness company said government-backed investment incentives had enabled it to expand operations and create more than 1,000 jobs, as authorities push to scale up domestic investment.
Lima Kwanza Limited, a locally owned agro-processing firm operating in Songwe region, has benefited from fiscal incentives provided by Tanzania Investment and Special Economic Zones Authority (TISEZA), according to company and government officials.
Speaking during a visit by a national domestic investment promotion campaign to the company’s facility in Nyimbili ward, Mbozi district, Lima Kwanza owner Tinson Nzunda said the project, launched in 2003, focuses on processing coffee and avocados for domestic and export markets.
He said the company currently employs more than 1,048 Tanzanians, with growth accelerated by a 75% customs duty reduction on imported production equipment.
“The incentives reduced our capital burden and allowed us to expand capacity,” Nzunda said, adding that institutional support had been critical to scaling operations.
The visit comes as the government intensifies efforts to reposition domestic investors as drivers of industrialisation and employment, alongside foreign investment.
Daudi Riganda, Investment Promotion Manager at TISEZA, said the authority aims to replicate Lima Kwanza’s success by encouraging more medium- and large-scale entrepreneurs in Songwe to take advantage of available incentives.
“Our objective is to ensure regions like Songwe produce more domestic investors who can contribute meaningfully to regional and national development,” Riganda said.
He urged local business owners to attend an investment and entrepreneurship seminar scheduled for Friday, where TISEZA will outline fiscal incentives and investment facilitation services available to Tanzanian investors.