has committed to develop a food processing complex and large-scale farmland in Tanzania to help local farmers compete in the African and European markets. Under the project, around 100,000 hectares of land in the country's Pwani province will be developed by South Korean food and farming companies. An initial fund of USD50 million has been allocated to develop 10,000 hectares of land starting next year.
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About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
