Public Management

Tanzania: AfdB supports small horticultural businesses with $2.5 million grant

Tanzania: AfdB supports small horticultural businesses with $2.5 million grant
Friday, 20 October 2023 11:33

The Board of Directors of the African Development Bank Group approved a $2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. The funds, approved on 19 October 2023, will come from the Global Agriculture & Food Security Program to support mainly food system service providers in rural areas.

The programme aims to increase the production and marketing of horticultural products to mitigate the effects of the Covid-19 pandemic. It includes promoting sustainable and climate-smart agricultural and agro-ecological techniques and management strategies for biodiversity and landscapes. It will boost production, climate consultancy services and post-harvest management.

The scheme will be implemented in four regions: the rural district of Morogoro, Mvomero district in Morogoro region; Wanging’ombe district in Njombe region, and Kaskazini ‘A’ and ‘B’ districts in Unguja, Zanzibar. It targets five value chains: spices such as cloves, cinnamon, ginger, black pepper and garlic; tomatoes; peas; green beans and potatoes.

Other components include building at least five climate-resilient facilities for sorting, classification, bulk packing, packaging and storage to reduce post-harvest losses. A multi-purpose, climate-resilient processing facility for spices will be established in the Morogoro district in the eastern side of the country to process spices for local and regional markets.

The project will allow small operators in Tanzania to improve the efficiency of their agricultural activities, substantially increasing the volume and quality of products per unit of surface area. In the long term, these benefits should significantly impact other farmers, which should help more agricultural communities and the country as a whole.

 2365 BAD

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
$20 million loan to support lending to small businesses At least 25% of funds allocated to women-led enterprises Financing aims to ease major...
Ci Gaba VC Limited secures $34.9 million in its first close, targeting a final $90 million (1 billion GHS). The fund-of-funds invests in...
Cameroon, Congo, and Gabon seek new IMF programs after previous ones expired Regional bloc commits to sustaining reforms and rebuilding...
Program has supported about 50 women-led businesses since 2023 Nearly CFA7 billion mobilized combining financing and technical support New cohort of...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
03

UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...

UBA, British International Investment explore Africa trade finance deal
04

Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime ag...

Ghana pushes UN recognition of slave trade as crime against humanity
05

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.