Israeli company to invest 575 billion shillings in agricultural areas
By Alex Nelson Malanga
Dar es Salaam. Aie Holding Ltd will invest $ 250 million (approx. 575 billion shillings) in agro-industrial education and agro-management skills in Tanzania.
The company – which was registered in Tanzania last year – will invest in projects related to agricultural education, logistics division, vegetable oil factory, milling, packaging and storage , solar energy, livestock farm, poultry farm, fish farming, field crops, tropical fruit concentrate, solar energy and wastewater treatment.
Based in Dar es Salaam, the company whose founder and chairman is Mr. Avi Postelnik, an Israeli investor, will source from private capital as well as local and international banks.
“We have already met with the Tanzania Bankers Association (TBA) to get their support in organizing five big banks to form a union,” without revealing the names of the banks, Postelnik said at the weekend.
He said that while some $ 200 million will be invested in the infrastructure of agro-industrial projects, the remaining $ 50 million will be working capital. “The doors are open for potential local partners,” Mr. Postelnik said.
The company, whose operations will be located in Dar es Salaam, Kagera, Mwanza, Bagamoyo, Njombe and Morogoro, is expected to create around 70,000 direct jobs, including that of general manager for the premises.
Mr. Postelnik said that agricultural education and training will be provided in Tanzania and Israel.
“We intend to use advanced agricultural education in Israel by enrolling Tanzanians for short and long periods in our special education projects available in our country,” he said.
Some of its employees, he explained, will be taken to Israel for 6 to 7 month training.
“We intend to use their (Israeli) know-how to employ graduates in managerial and technical positions in our agro-industrial projects in Tanzania,” Postelnik noted.
Mr Postelnik said the transport and logistics division will be used for the delivery of raw materials to processing plants and then for transporting the finished products to local markets for sale or to ports for export.
Vegetable oil plant
This factory is designed to process oilseeds, such as soybean, sunflower, corn and cotton, and to bottle the oil for local market and export.
This plant is fully automated and the residues containing proteins and fats will be used in the flour mill.
The mill is specially designed to feed our cattle, poultry and fish. The total area of supply farms is expected to be approximately 25,000 hectares.
Packaging and storage
He said the whole chicken, gutted, cleaned and plucked, will be wrapped in special plastic packaging to be sold as chilled or frozen.
All projects will use solar energy.
Experts from Israel will come to assess the sites and advise on the type of solar power to maximize natural energy.