KAGERA, March 18 -- TANZANIA is eyeing at least 2bn/- in annual revenue from carbon trading as the government pushes to scale up the emerging sector as part of its long-term economic strategy.

Permanent Secretary in the Vice Presidents Office Richard Muyungi said the carbon business is among the key areas targeted to boost the economy by 2050, with strong potential to benefit both farmers and the nation.

He made the remarks during a visit to farms owned by investor Leonard Kachebonaho in Kyerwa District, Kagera Region, where carbon trading activities are underway.

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More than 100,000 farmers have already been registered and are benefiting from the...