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Describing the signing of the five memorandums of understanding, Dawood Al Shezawi, Chairman of the Organizing Committee of the Annual Investment Meeting, stated that the MOUs come in the context of the ongoing efforts made by the Annual Investment Meeting to implement that strategic plan into real-world results that will encourage direct and indirect investment and drive sustainable development.
The Annual Investment Meeting (AIM) is an initiative of the AIM Foundation, an independent international organization fully committed to empowering the world’s economy by boosting effective promotion strategies and facilitating opportunities for economic productivity and expansion.
The Foundation also undertakes the operation and management of the AIM Global Investment Network and its 15 affiliated Business Groups, including the supervision of the Annual Investment Meeting Global and Regional Chapters.
The processing factory set up by Indesso may propel Tanzania to become the largest clove oil producer in Africa.
Aloyce Elia Kibiriti, the Chairman of the Msasa IBC village, said that representatives from Indesso camped in the area and chose their village to construct the proposed clove leaves-to-oil producing factory significantly for export to Indonesia.
Chairman Kibiriti added that they had already secured land for the project, saying it would create employment for the farmers who lost their farms after creating the Derema Conservation Corridor.