Tanzania to scale up financing to improve the grape supply chain

Published 2021년 11월 17일

Tridge summary

The Tanzanian grape industry is set to receive a boost with the Tanzania Agricultural Development Bank (TADB) planning to increase funding to enhance the value chain. The bank will provide financing to grape processors, as grapes have been identified as a strategic commodity crop by the government. In the 2018/19 production season, about 11,552 tons of grapes were sold, with 65% used by Tanzanian wine production factories, 19% sold in the retail market, and the remaining 16% exported.

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Original content

The Tanzanian grape industry is poised to boom as the Tanzania Agricultural Development Bank (TADB) has unveiled plans to ramp up funding to improve the value chain. According to Yodas Mwanakatwe, TADB's Central and Northern Zone Manager, the bank will provide funding to grape processors to improve the value chain of the crop designated as strategic by the government. “The TADB is ready to support the growers by increasing the added value of the grapes by financing grape processors,” Mwanakatwe said at the Dodoma Wine Festivals held in the city over the weekend. The government has identified grapes as a strategic commodity crop and has taken measures to increase its productivity for the benefit of Tanzania's emerging wine sector. About 11,552 tons of the total ...

Source: AGF