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Tuesday 15 June 2021
HomeAfricaZim firm clinches Tanzania cotton deal

Zim firm clinches Tanzania cotton deal

A Zimbabwean company said Saturday it had clinched a deal with the Tanzanian government to supply the country’s entire cotton seed requirements.

But Quton chairman Morgan Nzwere did not say how much was involved in the deal, which will cover seven years.

Under the deal, the company will produce cotton seed in Tanzania under government contract, and supply farmers in the country.

“Quton entered into a seven-year seed multiplication agreement with the government of Tanzania. This will see Quton producing the entire cotton planting seed for Tanzania within the next two years,” Nzwere said.

Cotton has become a major export crop for Tanzania, overtaking coffee which had long held the number one position.

Last year, the East African country earned US$ 100 million from cotton exports

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