The delegates will be drawn from governments, the civil society, the private sector, research community, and development partners. Speaking in Dar es Salaam recently at a preparatory meeting for the upcoming summit, Deputy Permanent Secretary in the Ministry of Agriculture Prof Siza Tumbo said connecting investment-ready agricultural companies and projects to financiers, business services, and ecosystem partners from around the world is a concept that needs to be encouraged to increase technology uptake for efficiency along the sector value chain. Agriculture is Tanzania mainstay of the national economy and the biggest contributor to the economic wellbeing of the majority people. Currently, agriculture is undergoing transformation from subsistence to a modern and highly commercial sector. At the Dar es Salaam preparatory meeting, Prof Tumbo said in as much as it is possible to get agriculture financing within the country, the question of investments in technology, which is vital for increased production and increased processing uptake, needs outreach outside Tanzania. During the AGRF Summit, Tanzanians doing agribusiness will have an opportunity to link up with over 50 public and private investors from around the world to explore a wide range of investment opportunities and that the deal room will spearhead matchmaking and facilitate partnerships and investments in African agriculture during the summit. The AGRA Country Manager appreciated the participation of the Tanzania Investment Centre TIC , the primary agency of the government to coordinate, encourage, promote, and facilitate investment in Tanzania, in the deal room preparatory meeting. A TIC representative, Ms Diana Ladislaus Mwamanga, told the preparatory meeting that “Tanzania has exceptionally attractive investment opportunities in agriculture and livestock sectors and that Tanzanians should talk confidently with foreign investors with the aim of entering into joint ventures or producing their own products that will benefit the agricultural and livestock value chain. Many levies and charges in the agriculture sector have been done away with,” she noted, adding “fishery regulations have also been changed, loopholes sealed so as to attract more investments. She called on Tanzanians who want to succeed in pitching up projects at the Agribusiness Deal Room to understand the changing nature of the investment climate.
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