Mbasira Soap & Oil Industries Ltd

Company Description

Name, Establishment and Legal Status of the Company Mbasira Soap & Oil Industries Ltd is a Tanzanian private liability limited company established in the year 2001 under Companies Ordinance (Cap 212) vides a certificate of incorporation number 42389 with the primary goal of trading in agricultural produces and production of edible oil and allied products. The company is registered with the Tanzania Revenue Authority (TRA) for Value Added Tax (VAT) with VAT registration number (VRN) 10-016695-C and is also registered as a taxpayer with Taxpayer Identification Number (TIN) 101-284-247. Vision The vision of the company is to become one of the leading and trusted company in agricultural farming, processing, distribution and marketing (value chain development) of agricultural produces, quality edible oil, corn flMbasira Soap & Oil Industries Ltd and allied products both in the domestic and export markets. Mission The mission of the company is to collaborate with farmers and other agricultural stakeholders in sustainable farming, processing and distribution of affordable and quality to acceptable standards agricultural produces edible oil, corn flour and allied products for economic growth of both the company and the community it serves. Main Products and Services Currently the company deals mainly with: Export of farmers sunflower seeds; Processing of crude sunflower oil; Processing of semi refined sunflower oil; and Production of laundry soap The following are the near future plans of the company: To invest in sunflower and maize farming To invest in mass production of crude, semi and double refined sunflower oil To invest in mass export of crude, semi and double refined sunflower oil To invest if processing, packaging and distribution of corn flour in the east African countries and To invest in manufacturing or importation of agricultural products packaging materials Investment Strategies The following strategies are planned to attaining the planned investments: Invitation of both local and foreign business investors/partners and To acquire adequate land for farming and construction of factory and storage facilities Objectives To invite both local and foreign investors to work with us Company’s contribution to the supply of sunflower seeds in the unmet domestic and export market Company’s contribution to the supply of edible oil in the unmet domestic and export market Company’s contribution to the supply of corn flour in the unmet domestic and export market Improvement of post-harvest handling of agricultural products Improvement of living standards of members of the community surrounding the investment area To offer employment opportunities to young vibrant Tanzanians Areas of Investments The following are the major possible areas of investments Enhancement of export of farmers sunflower seeds Start-up sunflower farming project Improvement of sunflower oil processing, packaging and distribution Star-up maize farming project Star-up corn flour processing, packaging and distribution project Star-up importation of agricultural packaging materials and Construction of storage facilities for improvement of post-harvest handling of agricultural produces (sunflower seeds, maize, etc. Investment Opportunities The following investment opportunities exist through this company: Available adequate and suitable land for farming and construction of factories and storage facilities in many places of Tanzania Available young vibrant persons looking for employment opportunities Tanzania’s favorable investment policy in agriculture chain value through KILIMO KWANZA (Green Revolution) initiatives Financial institution’s support to agricultural projects Reduced or waived export taxes on agricultural products Reduced or waived import taxes on agricultural inputs