Time for Dar es Salaam Port to be utilised

Time for Dar es Salaam Port to be utilised

TANZANIA INVESTMENT NEWS

The potential of the Dar es Salaam port is unquestionable. The fact that it is being underutilized is also unquestionable. Now, how do we ensure that we maximize the capacity of the port moving forward?

The recent development concerning the decision by the Tanzania Ports Authority (TPA) to part ways with the Tanzania International Container Services Limited (Ticts), which has been the main handler of containers at berths eight to 11, offers perhaps an opportunity for the government to truly reflect on the future of the port and the role it can play in building the economy.

The Dar es Salaam Port is strategically located and offers services to countries such as the DR Congo, Malawi, Zambia, Rwanda, Burundi, and Uganda. However, the amount of cargo handled, whether through direct transit or an intermediary, is nothing to celebrate. A lot more can be achieved if strategies are aligned to boost the port’s capacity. But overall, the management and other logistical issues need to be cleared first if we are to achieve the dream of being the gateway to central, eastern, and southern Africa.

The TPA strategy to boost the capacities of the Dar es Salaam, Tanga, and Mtwara ports to handle 27.5 million tonnes of cargo by the 2024/2025 financial year is commendable. However, it pales in comparison to what our competitors, such as Mombasa Port, have in the pipeline, which is almost double the cargo capacity cited by TPA.

What this means is that our ambitions can be even higher if we are resolute in our plan to improve the performance of the Dar es Salaam Port. The five-year lease agreement that Ticts had with the TPA had its positives and negatives. We need to dwell on what worked and improve on those processes. However, when it comes to what didn’t work, a careful assessment needs to be undertaken in order to ensure we do not fall back into the same pit we came from.

Some Asian and Arabic countries are doing wonders with how they handle their ports. Take Singapore as a prime example: their government has managed to build one of the most productive ports in the world. And it didn’t take a miracle for that to happen; all it requires are clear plans, the will to execute them, and a team to do so.

In countries such as the United Arab Emirates, the main port located in Dubai contributes 30 percent of the nation’s GDP. Why can’t this be the case for Tanzania and the multiple ports we have? Something, somewhere, is not right.

Now that Ticts is said to be at the exit door, what plan do we have to make Dar es Salaam Port a regional powerhouse? Are we fully prepared to put the business-as-usual mentality aside and stay laser-focused on achieving economic transformation through trade and investment? These are some of the key questions we need the government to ponder as it’s about to open a new chapter at TPA.

The fact that Tanzania, blessed with an abundance of natural resources, including multiple waterways, has failed to take full advantage of such blessings for the benefit of the country and its people, remains one of the biggest failures to date.

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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms
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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms

President Samia Suluhu Hassan, has handed over a cheque of 354m/- from the National Bank of Commerce (NBC) as compensation to tobacco farmers, who were affected by hailstorms during the previous farming season in various regions across the country.

Handing over the cheque in Dodoma, the compensation is part of the crop insurance service provided by NBC in collaboration with the National Insurance Corporation (NIC).

Furthermore, President Samia has also handed over health insurance coverage to members of the Lindi Mwambao Cooperative Union based in Lindi Region, through the Farmers’ Health Insurance service provided by the bank in partnership with Assurance Insurance Company.

While visiting the bank’s pavilion at the Nanenane Agricultural Exhibition and being received and briefed by the bank’s Managing Director, Mr. Theobald Sabi, she said: “This crop insurance is one of the crucial solutions in ensuring farmers have a reliable income, without fear of challenges such as natural disasters, including hailstorms.

“I call upon all farmers in the country to make the best use of this important opportunity by accessing these kinds of insurance services. I also highly commend NBC and all the stakeholders participating in this programme.”

Elaborating further on the crop insurance service, the Minister of Agriculture, Hussein Bashe, stated that it will help to recover the loss farmers incurred, especially in various calamities beyond their control.

Citing them as floods, fires, and hailstorms, which have significantly affected the well-being of farmers and caused some to be reluctant to invest in the crucial sector, Mr Bashe added: “However, our President, this step by NBC is just the beginning, as this is the second year since they started offering this service, and the results are already visible.

“As the government, we promise to continue supporting the wider implementation of this service, with the goal of ensuring that this crop insurance service reaches more farmers.”

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On his part, Mr Sabi said that the farmers who benefited from the compensations are from 23 primary cooperative unions in the regions of Shinyanga, Geita, Tabora, Mbeya, Katavi, and Kigoma.

He added: “In addition to these insurance services, as a bank, through this exhibition, we have continued with our programme of providing financial education and various banking opportunities to farmers, alongside offering them various loans, including loans for agricultural equipment, particularly tractors, to eligible farmers.:

At the NBC booth, President Samia also had the opportunity to be briefed on the various services offered by the bank to the farmers namely crop insurance and health insurance services.

There, the President had the chance to speak with some of the beneficiaries of the services, including the Vice-Chairman of the Lindi Mwambao Primary Cooperative Union, Mr. Hassan Mnumbe, whose union has been provided with a health insurance card from the bank.

Source: allafrica.com

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