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

olumide-bamgbelu-Ciba8rvHYng-unsplash
Can Africa’s $2tn instant payments boom transform its digital economy?
Read More »
Langstrand, Namibia. Photo by Grant Durr @ Unsplash
Namibia holds rates at 6.50% as inflation steadies but producer costs surge
Read More »
Farm produce being exported. Photo by Shelley Pauls @ Unsplash
Rwanda’s horticulture exports up 27% to give economy $54mn boost
Read More »

Recent Politics

Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »
Ghana President John Mahama. Photo courtesy: Office of the President/Facebook
Ghana’s $1.1bn presidential jet plan reignites debate over cost and priorities
Read More »

Latest Posts

Latest news insights