Tanzania open to new buyers of cashew

Tanzania set out to find a bulk buyer for the more than 200,000 tonnes of cashewnuts it had collected from the farmers. PHOTO | NMG

Tanzania is still awaiting the payment of Tsh418 billion ($180.2 million) for 100,000 tonnes of cashewnuts it sold to a Kenya-based company in a deal signed in Arusha on January 30.

This past week, Industry and Trade Minister Joseph Kakunda said that the consignment will not be released to the Thika-based firm until it has completed all legal, commercial and financial procedures, including securing insurance cover.