The Fund has invested in Mponde Tea factory which located at Kweminyasa village of Bumbuli division-Lushoto District.

The government repossessed the factory and handed it over to Public Service Social Security Fund (PSSSF) and Workers Compensation Fund (WCF) who will assume the role to revamp and operate the factory jointly.

The primary objective of the factory is to process green leaf from smallholder tea farmers in Lushoto and Korogwe Districts. The processed green leaf tea is targeted to be sold in U.A.E, European countries, Turkey and Pakistan for Black, White, Purple and green tea.

In terms of the financing structure, the Government has provided land and existing machinery for 16% stake in the project and new investors (PSSSF and WCF) will finance the revamping of the factory.

The financing structure is through equity contribution from WC and PSSSF both contributing 42% each of the company’s stake.