Strategic Financing of Local Sugar Industry Towards Self Sufficiency in Tanzania.

Rizwani, Abubakari Nassoro (2021) Strategic Financing of Local Sugar Industry Towards Self Sufficiency in Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

This study was conducted to examine financing strategies of local sugar industry towards self-sufficiency in Tanzania. The study comprises four objectives namely; to examine the role of venture capital on local sugar industry; to examine the influence of long-term loans on local sugar industry; to assess the strategies used to manage economic exposure on local sugar industry; and to analyse the effect of financing strategies on self-sufficiency of local sugar industry. Positivism philosophy was adopted aside with quantitative approaches. The study employed cross-sectional design to collect data from 42 respondents. Questionnaire was used as data collection tool. Findings of the study revealed that, venture capital have no influence on various aspects of local sugar industry including financial outlook, working team, market opportunities, development of technology, and competitive advantage. It was also found that, long-term loans highly influenced long-term sustainability. Matching currency flows, diversifying production facilities and product markets managed economic exposure. Besides, venture capital, economic exposure, long-term loans, and listing into financial markets accounts for significant 7.1% of self-sufficiency in local sugar industry, given that (p <. 0.5). The study recommends that, with the correct financial plan and budget in place, overall liability will be reduced and the cash flow ratio increased by supporting professional ethics in financial reporting. This will enhance companies' capacity to pay their suppliers on time, manage their competitive market and manage their debts and boost its working capital. Keywords: Sugar Industry, Strategic Financing and Sufficiency

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