William Lukuvi and Tanzania Economy

government: Agriculture is the backbone of Tanzania economy and more than 80 percent of the population depend on it for their livelihood, according to Euro News. William Lukuvi, the minister for lands, housing and human settlements development said the government would start to identify farms or land parcels larger than 20 hectares which are deemed idle in preparation for their re-distribution to other users. For more than a decade, foreign investors have bought up large tracts of land for agriculture or for energy projects, but many have left the land unused. Our intention is to identify those holding large areas and farms without developing them. Lukuvi said the government aims to target and discourage investors who buy and hold onto land solely for its speculative value instead of investing and developing their assets. We will revoke their title deeds and give the land to those in need, he said last month. (news.financializer.com). As reported in the news.