Search

Tanzania Secures $129 Million AfDB Loan to Modernise Agriculture

Allen dreyfus Logo
© Allen Dreyfus
  • Funding to support tech-driven agribusiness initiatives
  • Project aims to empower 11,000 young “agripreneurs”

Tanzania will receive a $129 million loan from the African Development Bank (AfDB) to integrate technology in agriculture and boost productivity. The funds will be channelled towards digital technologies, including satellites and artificial intelligence, to promote agribusiness as a viable career for young people, the lender stated.

Recent Business

Lagos, Nigeria. © Unsplash
Nigeria banks raise $3.3bn — now the growth gamble begins
Read More »
Kibret Abebe, CEO of Tebita Ambulance (r) being recognised in Davos
Meet Kibret Abebe, the Ethiopian CEO who built a $500,000 ambulance enterprise
Read More »
Man pushing truck with gallons of water in Benin. Photo by Dananjaya Nugraha @ Unsplash
Can West Africa’s development bank scale up without taking on too much risk?
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »
A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »

Latest Posts

Latest news insights