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

Busy airport. Photo by Duc Van @ Unsplash
Africa tops global airline accident rates despite improved safety
Read More »
Overview of the Central Business District in Gaborone, Botswana. Photo by Justice Hubane @ Unsplash
Botswana inflation eases to 4.0% in February
Read More »
Marrakech, Morocco Photo @ Pexels
Morocco holds rates at 2.25% as growth strengthens amid global uncertainty
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »
Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »

Latest Posts

Latest news insights