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

Import and export trade common in Africa. Photo by Kurt Cotoaga @ Unsplash
European investors commit $100mn to modernise Senegal’s Port of Dakar
Read More »
Taxi bus Libreville, Gabon. Photo @ Unsplash
Gabon raises over $190mn from regional bond sale
Read More »
A ferry in Botswana. Photo @ Pixabay.
Botswana GDP rebounds 8.2% as diamond surge ends six-quarter slump
Read More »

Recent Politics

African election. Photo by Mikhail Nilov @ Pexels
East Africa’s electoral bodies face credibility test over disputed polls
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »
African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »

Latest Posts

Latest news insights