A TShs. 50 billion leather factory launched by President John Magufuli in Morogoro Region last week, is expected to create a reliable market for locally produced hides and skins as well as enhance the sector's contribution to the economy.
Speaking after the launch in Morogoro, factory Managing Director, Onorato Garavaglia said, "Taifa Leather had invested TShs. 50 billion in phase 1 and 2 of the rehabilitation of the tannery. This investment will allow our company's high quality products to compete on the world stage."He said the investment aimed at supporting the leather value chain in the country, that is from abattoir to tannery to market.
Formerly known as ACE Leather Tanzania Limited, the new state-of-the-art factory operated by Taifa Leather Company Limited is the biggest leather processing factory in Africa and is 100 per cent a Tanzanian owned investment.
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