SUMBAWANGA: A notable development in the Tanzanian beverage sector is the recent establishment of a bottling plant for water and soft drinks. This initiative, backed by investment incentives from the Tanzania Investment and Special Economic Zones Authority (TISEZA), has attracted significant investment in the Rukwa region.
Operated by Dew Drop Drinks Company Limited, the new plant is located in Sumbawanga, Rukwa region.
During a recent visit aimed at promoting domestic investment, the company’s Director, Aziz Mohamed Soud, shared that he founded the factory after registering with TISEZA and receiving an investment certificate that grants access to various incentives.
Among these benefits is a substantial 75 percent exemption on customs duties applicable to the importation of vehicles, machinery, and equipment vital for production.
This exemption has notably reduced initial investment expenses and facilitated the swift execution of the project.
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Currently, the factory boasts a production capacity of 30,000 bottles of drinking water per hour and has created 260 jobs, supporting both local employment and economic growth in the Rukwa region and beyond.
Fidelis Obanga, the Southern Highlands Regional Manager of TISEZA, encouraged the people of Rukwa and Tanzanians generally to take advantage of the investment opportunities available, emphasizing the importance of acquiring information and guidance from TISEZA.
He reiterated the authority’s commitment to offering professional assistance to investors looking to initiate or expand their businesses to leverage government incentives.
In addition, he invited local business owners and medium-sized entrepreneurs to attend an investment seminar scheduled to take place at the Regional Commissioner’s Office, coinciding with the launch of the Investment Desk, aimed at making investment services more accessible to the region’s residents.
Key Takeaways
- The new bottled water and soft drinks plant in Rukwa represents a significant investment of 30 billion TZS.
- Dew Drop Drinks Company Limited is spearheading this initiative with a production capacity of 30,000 bottles per hour.
- The establishment of the plant has created 260 jobs, contributing to local employment and economic development.
- Investment incentives from TISEZA, including a 75% exemption on customs duties, have facilitated this project.
- TISEZA continues to promote investment opportunities through seminars and professional guidance for business owners.
FAQ
What is TISEZA?
Tanzania Investment and Special Economic Zones Authority (TISEZA) is an agency that promotes investment opportunities and provides incentives to investors in Tanzania.
How many people are employed by the Dew Drop Drinks plant?
The plant currently employs 260 individuals, contributing to local job creation.
What production capacity does the plant have?
The plant can produce up to 30,000 bottles of drinking water each hour.
What incentives do investors receive from TISEZA?
Investors may receive various benefits, such as customs duty exemptions on essential machinery and equipment for production.
The establishment of the Dew Drop plant marks a promising step towards bolstering local industry and reflects the potential of investment incentives in driving economic growth. Encouragement from TISEZA for local entrepreneurs to engage in such opportunities benefits both the community and the country’s economy.
