Browsing: Cloves in Zanzibar

Tanzania’s Export Processing Zones Authority (EPZA) is in charge of the export processing zones (EPZ) and the special economic zones (SEZ).

The Ministry of Industry, Trade and Investment operates the EPZA. It is the EPZA’s responsibility to steer and implement government policy on the promotion of SEZ in Tanzania. EPZA was established in 2003.

Among EPZA’s other responsibilities include the construction of EPZ and SEZ infrastructure and providing business services to SEZ and EPZ investors. The EPZA also issues EPZ and SEZ permits.…

There is global demand for spices attributed by dietary needs which keep growing and fuelled by communities leaning towards a health-conscious lifestyle.

However, these markets are tilted in Zanzibar’s favour, as most markets rely on organic spices which are classified as basil, ginger, garlic, cinnamon, pepper, clove, and cardamom. Most of these are farmed by locals in Zanzibar.

According to Market Research Future, North America is expected to dominate the industry especially the US, but also—Asia-Pacific (which also has a substantial production sphere of organic spices in the region) has a significant portion of the global market.

Hence—Zanzibar can learn about: market research, organic spice farming (which aligns with the current environmental and nutritional global standards) and storage, packaging and market segmentation from the two regions to capture the African market and eventually, the entire global market.…

The central bank of Tanzania’s economic bulletin for the quarter ending March 2021, analyzed the economic performance of the Zanzibar-semi autonomous region of Tanzania, which is widely known for its exotic tourism experience and spice farming.

The detailed report brought up interesting issues along the lines of clove production, inflation, public finance, imports, and exports.

READ:How Zanzibar’s presidency 100 days in office cast economic prospects

Clove performance

Zanzibar has marked its spot across the region within clove production over the past decade, hence over the past years, performance in the sub-sector has been dwindling.

According to the bulletin, “There were no cloves procured during the quarter under review due to low global demand, which resulted in a significant decrease in prices. As for seaweeds, 2,770.6 tonnes were procured compared with 2,236.5 tonnes procured in the corresponding period in 2020,” BoT report.

On the side of the aisle, Statista—a world …

Zanzibar’s official statistics provider (Office of the Chief Government Statistician – OCGS) has released figures on the performance of the agricultural sector.

The report provided an insight into the country’s performance and impact of different interventions carried out by the Government and other stakeholders to improve the agriculture sector in the country.

According to the National Budget Brief of 2018 organized by OCGS and United Nations Children’s Fund (UNICEF), unequivocally, the share of development spending in the national budget of Zanzibar increased from 17 per cent to 46 per cent between 2013/14 and 2017/18. On the other hand, the share of recurrent budget decreased from 83 per cent to 54 per cent for the same period. for the same period.

The report, on the other hand, gave out crucial sets of data which include: quantities and values of fish catches, cash crops, mining and quarry, seaweeds, forest products and …