PSSSF to create more than 3,000 jobs

AT least 3,000 direct and indirect jobs will be created after completion of the Public Service Social Security Fund’s (PSSSF) four factories in the country.

PSSSF Planning and Investment Manager, Herman Gudluck said this on Thursday while presenting a topic on investment issues to editors from various media houses in the country who participated in the 12th meeting of the Tanzania Editors’ Forum (TEF), in Morogoro Region.

He said that the fund has entered into a partnership in the construction of a tea factory located in Mponde, Tanga Region and a ginger processing plant in Mamba Miamba, located in Same District, in Kilimanjaro Region.

Others are the leather products factory in Kilimanjaro Region and the modern slaughterhouse of Nguru Hills, located in the Mvomero District of Morogoro Region.

“The construction of factories costs 164bn/-, equal to two per cent of the fund’s income and the investment has been made in partnership without interfering with the policies that govern the fund,” he noted.

Mr Gudluck said for the ginger factory, PSSSF has entered into an agreement with farmers in the area and bought a new machine with an investment of 8bn/- and so far the factory has been completed and started production.

Mponde tea factory, for which they have entered into a partnership with the Workers’ Compensation Fund (WCF), it is currently in the final stages of completion, while the leather products factory is also expected to be completed this year.

The officer further said that the modern slaughterhouse of Nguru Hills, in which the fund has invested 8.3bn/-, has now started slaughtering and processing meat that is exported abroad and some is consumed within the country.

The project worth 29bn/- is a joint venture investment between PSSSF, Eclipse Investment (LLC) from Oman and Busara Investment Company.

General Manager of the Nguru Hills Factory, Eric Cormack, giving a brief report to the editors who visited the factory, said the factory project and modern slaughterhouses are capable of slaughtering 100 cows and 1,500 goats per day.

He said that the market for the meat produced in the slaughterhouse is 80 per cent for foreign countries, including the Middle East, especially Oman and 20 per cent for the local market.

“We have been exporting more meat to Qatar, especially during the World Cup and we are continuing to supply goat and sheep meat and the market continues to expand in Arab countries,” said Cormack.

He said that the demand for meat in those countries is still high, citing the demand for the country of Saudi Arabia alone, whose annual demand is 700,000 metric tonnes.

According to Mr Cormack, the demand for meat in Arab countries will increase by 3, 100,000 tonnes by 2026.

He said the project has important infrastructure, including a grazing area of ​​2,328 hectares to take care of 10,000 cattle and 15,000 goats at the same time and five wells with the capacity to produce 20,000 litres of water per hour.

Mr Cormack said that the export of meat will increase in the next short period after receiving ISO approval for the factory’s products to be recognised internationally, which will make it easier to sell their products to various countries in the world, especially Saudi Arabia.

For his part, TEF Chairman, Deodatus Balile said that in developed countries, social security funds have become a major source of developing people’s capital, so the investment made by PSSSF has shown the maturity of the fund in developing people’s economies.

“I request PSSSF to make sure that they protect this project and other projects, it is not very good after several years you come back and are told that there was a factory, this will happen if the workers did not fulfil their duties properly” said Balile

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