Poland to finance $110 million Tanzanian tractor factoryStaff Writer | July 23, 2016
Tanzania has secured a $110-million soft loan from Poland to establish a tractor assembling factory that will enhance the agriculture sector, the government has confirmed.
Investment Adding between 150 and 200 jobs in Tanzania
"The construction will start soon and we expect to produce about 2,400 tractors annually for local consumption and sell to other East African countries," he said at the Tanzania- Poland Business Forum that brought together various investors.
Meru added that this will be one of the largest factories of its kind in East Africa.
"We expect that it will create between 150 and 200 jobs once production starts," he said. ■