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

Trade surges in Africa. Photo by Kurt Cotoaga @ Unsplash
Middle East conflict: How Afreximbank’s $10bn crisis fund could shield Africa’s economies
Read More »
Diamond. Photo by Plato Terentev @ Pexels
Can Botswana's diamond collapse signal the end of Africa’s gem dominance?
Read More »
Sunset at an Industrial Shipping Port for trading. Photo @Pexels
China’s duty-free pivot in Kenya signals Africa trade realignment beyond AGOA
Read More »

Recent Politics

Kinshasa, Democratic Republic of Congo. Photo by Johnnathan Tshibangu @ Unsplash
Why DR Congo is taking in US deportees — and what Africa gains or risks
Read More »
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 »

Latest Posts

Latest news insights