Tuesday, May 13, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

The next big farming opportunity in Tanzania and beyond?

Simon Osuji by Simon Osuji
November 13, 2024
in Business
0
The next big farming opportunity in Tanzania and beyond?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

David Runge (left) and his partner at Tamu Tamu Tanzania, Peter Schuurs

Every year, East Africa imports apples worth $400 million to $500 million. Despite this substantial demand, apples have traditionally not thrived in the region’s warm climate, which favours cooler growing conditions. German entrepreneur David Runge, however, saw an opportunity in Tanzania, believing there was potential not only to grow apples locally but also to produce apple-based products like juice.

Related posts

XRP Floodgates Open This Year, XRP Price Prediction at $1.2T

XRP Floodgates Open This Year, XRP Price Prediction at $1.2T

May 13, 2025
Advisors ignore succession planning at their own peril

Advisors ignore succession planning at their own peril

May 13, 2025

A few years ago, he and his business partner Peter Schuurs invested in Tamu Tamu Tanzania, which claims to be the region’s first commercial apple farm and apple tree nursery, located 540km west of Dar es Salaam. The company has conducted extensive research and development to identify and cultivate apple varieties that can thrive in the equatorial climate.

The farm’s origins trace back to 2016, when two young entrepreneurs initially established it and began researching suitable apple varieties. Schuurs, who is a family friend of Runge, was the first to recognise the potential in acquiring the farm, bringing the idea to Runge’s attention.

Intrigued, Runge conducted his own research and uncovered strong demand for apples in the East African market. “I did my own due diligence. And [whether] if it is in Kenya, Uganda or Tanzania, at every bus stand, in traffic, people would sell apples. At every supermarket you would find apples. And they are sold here for half a dollar a piece. That’s a lot of money,” he explains.

Runge and Schuurs decided to partner, with Schuurs overseeing farm operations and Runge handling commercial aspects. They financed the farm’s purchase with personal savings from their previous corporate careers.

Together, they began the process of rehabilitating the farm and putting new systems in place. Building on the initial work of the previous owners, they continued R&D efforts to produce apple varieties best suited to the region.

Selling apple trees has become one of the company’s key revenue streams. The business has supplied trees to buyers across Africa and even as far as South America. A major part of their strategy involves selling apple trees to small-scale Tanzanian farmers, with the goal of later buying back the apples for their processing operations.

Runge says that farmers typically start by purchasing a small number of trees, anywhere from 50 to 1,000, to see how well they perform. When satisfied with the results, they return to buy more. As a result, apple tree sales are likely to increase significantly in the coming years.

In addition to supplying apple trees, the company has expanded into producing apple-related products, such as juice, cider, and dried apples.

Watch our full in-depth interview with David Runge: Why this German invested in Tanzania’s first commercial apple farm

Related articles

Source link

Previous Post

Trump Appoints Elon Musk and Vivek Ramaswamy to Lead DOGE

Next Post

US Coast Guard Takes Delivery of 58th Sentinel Cutter From Bollinger

Next Post
US Coast Guard Takes Delivery of 58th Sentinel Cutter From Bollinger

US Coast Guard Takes Delivery of 58th Sentinel Cutter From Bollinger

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Trump’s Trade War Pushes Canadian Tech Workers to Rethink Silicon Valley

Trump’s Trade War Pushes Canadian Tech Workers to Rethink Silicon Valley

1 month ago
Record-Breaking African Artist at Sotheby’s Auction

Record-Breaking African Artist at Sotheby’s Auction

2 years ago
Initial efforts to salvage tanker Sounion in Red Sea fail

Initial efforts to salvage tanker Sounion in Red Sea fail

8 months ago
‘Brazil Crypto Scam Donated to Bolsonaro Campaign’

‘Brazil Crypto Scam Donated to Bolsonaro Campaign’

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.