Tanzania: TADB to scale up financing to boost grape value chain

Published 2021년 11월 8일

Tridge summary

The Tanzania Agricultural Development Bank (TADB) is planning to increase financing to support the grape industry, aiming to boost the value chain and enhance productivity. The bank's manager, Yodas Mwanakatwe, announced that TADB has already allocated 784m/- to the grape value chain, benefiting 186 producers directly and creating jobs for an additional hundred farmers. The government has identified grapes as a strategic cash crop, with potential production capacity of 150,000 tonnes per year, and is taking steps to improve its productivity and value addition. Despite challenges such as lack of processors and limited access to credit, there has been a significant increase in grape production in Tanzania, reaching 16,139 tonnes in 2018/19, with 11,552 tonnes sold in the same year.

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Original content

GRAPE industry is set for a boom after the Tanzania Agricultural Development Bank (TADB) unveiled plans to scale up financing to boost up the value chain of the crop. TADB’s Manager for Central and Northern Zone, Yodas Mwanakatwe, said in Dodoma that the bank would provide funding for grape processors to enhance the value chain of the crop identified as strategic by the government. “TADB is ready to support farmers by enhancing value addition of the grapes by financing grapes processors,” said Mr Mwanakatwe during the Dodoma Wine Festivals held in the city over the weekend. The government identified grapes as a strategic cash crop and initiated measures to boost its productivity for the nascent wine industry in Tanzania. With grape production on the rise, one of the challenges experienced by farmers is lack of processors for grape concentrate which in turn contribute to post-harvest losses of the crop. “We understand that grapes are now one of the strategic crops. TADB, with the ...

Source: Dailynews