A joint venture between US and Tanzanian investors focuses on the establishment of a commercial beef production company in the East African country. The joint venture, Triple S Beef, Ltd.(TSB, Ltd.), will help to modernize the agricultural sector of Tanzania by providing much needed technological and scientific updates.
"The social-economic liberalization policies and institutional reforms in Tanzania have created an enabling environment for private investors," said Brent Butler, COO of MasterPlans, the US company hired to put together the project's business plan. "Tanzania offers great opportunities and an abundance of natural wealth, providing tremendous investment opportunities for investors."
"Basic industries, such as meat packing, provide new income to a locality by exporting goods and services to people outside of the locality," said Gary Stowe, founder of TSB, Ltd. "Furthermore, we see our business directly affecting the local economy by expanding the local agriculture and related industries, and providing needed education."
The company will also spearhead several training initiatives in the area. For example, they will present genetic improvement programs to area ranchers and will also train regional ranchers in cattle behavior, especially in relation to the effective and humane transport of livestock. The company will also impact several other sectors including ranching and farming through the use of energy and water saving techniques.
In addition, TSB, Ltd. will develop a labor pool management program and human resource training initiatives to quickly adapt the indigenous people to modern farming, ranching, and meat packing techniques. Training initiatives will also educate local farmers and ranchers on crop and animal development techniques. TSB, Ltd. will also work to develop educational programs to help individuals mitigate their chances of contracting HIV/AIDS. Programs will not only be offered to employees, but will also be offered throughout villages where the company has a potential labor pool.
Portland Daily Business News
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