Mkulazi Holding Company

Mkulazi Holding Company Limited (MHCL), is a sugar manufacturer in Tanzania, the second-largest economy in the East African Community.[1]

Mkulazi Holding Company
TypePrivate
IndustryManufacture & Marketing of Sugar
Founded2017
HeadquartersChato District , Tanzania
ProductsSugar

Location

Mkulazi Holdings Limited plans to construct two sugar factories in the Arumeru Town of Tanzania. The first factory, is planned at Mkulazi, about 85 kilometres (53 mi), by road, south-east of the regional headquarters in Arusha Town.[2] The government of Tanzania has ring-fenced 63,000 acres (98 sq mi), on which the factory is being erected.[3] The second factory is planned at Mbigiri, also in Morogoro Region, close to Mbigiri Prison.[4] The two factories are close to sugar plantations owned by the parent company, Mkulazi Holdings Limited.[1]

Overview

The company is a new sugar manufacturer, established in 2017, with planned production capacity of 200,000 metric tonnes annually. The sugar factory also plans to generate 55 megawatts (74,000 hp) of thermal electricity, of which 40 megawatts will be used internally and 15 megawatts will be sold to the national grid.[4] When completed as planned, the company is expected to become the largest sugar manufacturer in Tanzania, with a work-force in excess of 100,000 people.[3] When this company begins maximum production as expected, Tanzania's sugar deficit of about 100,000 metric tonnes as of 2018, will be wiped out, creating another 100,000 tonnes of exportable surplus.[3]

Ownership

Mkulazi Holding Company Limited, is a joint venture company that is wholly owned by the National Social Security Fund of Tanzania (NSSFT) and the Parastatal Pension Fund of Tanzania (PPFT).[5]

See also

References
  1. The Citizen Reporter (4 September 2017). "NSSF, PPF to start growing sugarcane for sugar factory". The Citizen (Tanzania). Dar es Salaam. Retrieved 17 June 2018.
  2. Globefeed.com (17 June 2018). "Distance between Morogoro, Tanzania and Mkulazi, Tanzania". Globefeed.com. Retrieved 17 June 2018.
  3. The Guardian Reporter (19 December 2016). "Cash-Rich NSSF, PPF to Invest Billions in "Risky" Joint Venture". The Guardian (Tanzania). Dar es Salaam. Retrieved 17 June 2018.
  4. Azania Post Reporter (24 March 2018). "Tanzania: Mkulazi Holdings to sell 15 megawatt to Tanesco". Dar es Salaam: Azania Post. Retrieved 17 June 2018.
  5. Citizen Reporter (19 December 2016). "NSSF, PPF team up in sugar plant project". The Citizen (Tanzania). Dar es Salaam. Retrieved 17 June 2018.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.