Browsing: Cashew nuts

• Tanzania cashew nut prices triple.
• The country plans to export processed cashew nuts by 2027.
• Over 1500 acres set for a cashew nut industrial park.

Tanzania is planning to move from the export of raw cashew nuts to processing in-country and export added value exports of the product. Notably, the Tanzania Mercantile Exchange (TMX) has reported that the East African country’s cashew nut prices have more than tripled, growing from several cents per kilogram last harvest to over two dollars this season.

“This is the first time prices have increased to such record high. We welcome this development as the auctions continue,” notes Sharifu Linjenje, a cashew farmer from Newala District in the Mtwara region.

The farmer was one of many others who told local media that should the high price be sustained, then it will make a difference in the farmers’ lives. Market prices of raw cashew nuts have …

• Tanzania sets up first Fairtrade-certified cashew nuts processing plant in Mtwara region.
• The country’s cashew nuts market is poised to reach $860.25 million by 2029.
• Cashew nut exports generate $227 million in 2023/2024.

Tanzania’s cashew nuts industry is getting a big boost with the construction of the first Fairtrade plant to add value to the produce within Mtwara region. The industrial park in Mtwara is poised to tap into the region’s massive production to boost the income of millions of farmers.

According to the Cashew Board of Tanzania (CBT), exports of the crop generated a total of $227 million in the 2023/2024 season, a significant increase from the $162 million realized during 2022/2023 period.

With the Tanzania cashew nuts market expected to reach $690.97 million this year and grow at an annual rate of 4.48 per cent to $860.25 million by 2029, this industrial park comes at an opportune time …

Tanzania hopes to plant an ambitious 1.5 million cashew nut trees annually across some 535,000 acres of land in a new revitalized effort to grow output and increase revenue from the protein-rich nut.

Tanzania is already one of Africa’s largest cashew growers coming third after Nigeria and Ivory Coast. It is the world’s eighth biggest producer and if all goes to plan, the country wants to move up the ranks.

In a recent press communiqué, the Cashew nut Board of Tanzania (CBT) released projections that show that Tanzania would produce one million tonnes of the nuts in the 2023/24 harvest season.

The plan is a multiple-year scheme that would see the country increase output year after year as follows; 600,000 tonnes for the 2021/22 farming season, 800,000 tonnes were to be produced in the 2022/23 farming season and the 1 million mark would be met in the following farming season.…

Centum Investment subsidiary Vipingo Development Limited says up to 1,000 coastal residents will get employment in a nuts processing factory currently under construction at its manufacturing hub in Vipingo, Kilifi County in Kenya.

According to the firm, civil works for the Sh1 Billion factory have been completed and erection of the prefabricated godowns is ongoing and set for completion by end of the year.

The project is being set up by a consortium of established international investors in the food processing and value addition sector who have acquired development rights from VDL.

Ken Mbae, Managing Director of Vipingo Development Limited, said the use of modular construction technology means the project will be operational by quarter one of 2022 and have an immediate impact on the economy of Kilifi County and beyond.

Vipingo Development Limited is a fully owned subsidiary of Centum Investment PLC and is behind the transformation of the …

For those investing and particularly interested in Africa, Guinea-Bissau is a country which, so far, has been “under the radar” for most of the investors.

Located in West Africa, bordering with Senegal and Guinea Conakry, Guinea-Bissau is a relatively small country, with 36.125 sq. Km. Around 25% of the total population (estimated in 2.072.000, by figures of April 2020) is based in the capital (Bissau).

The official language is Portuguese, with some other native languages been used (like Balanka, Fula and Mandinka). French is also spoken, due to the influence of the two neighboring countries. Most of the population is Muslim (45%), with 22,1% of Christians and the outstanding percentage spread by indigenous traditional popular religions. Guinea-Bissau is also characterized by a very high level of young population (the medium average age is only 18 years).

Politics in Guinea-Bissau

The political regime is a constitutional democracy, with …

The cashew nut season has just kicked off in Tanzania and the cash crop prospects are considerably getting richer, not only due to past learned experience but also, the strategy put in place by the Tanzanian Ministry of Agriculture.

Cashew nut has been the most foreign currency high earning crop in Tanzania. Available data from the Ministry of Agriculture, show that cashew nut generated over $ 565 million in the previous season 2017/2018, exceeding contributions garnered from cotton, coffee, and minerals.

Tanzania is one of the vital producers of cashew nut in East Africa and the rest of the continent at large, alongside Guinea-Bissau, Nigeria, Kenya and Ivory Coast.

Further, according to a report by Fresh From Kenya, on cashew nut industry overview in Africa (2018), indicated that: in 2011,  Tanzania scored 8^th position on the global scale and 4^th in the continent on cashew nut production output, …