Banks invited to show to unlock agriculture potential

Mbeya. The Southern Agricultural Growth Corridor of Tanzania (Sagcot) has opened doors for financial institutions to fully exploit value chain opportunities of soybeans, potatoes, dairy farming and sunflower during this year’s Nane Nane Exhibition here.

According to a statement signed jointly by Sagcot Centre Ltd, Financial Sector Deepening Trust, Sagcot Catalytic Fund and Agricultural Markets Deepening Trust, financial institutions are invited to unlock opportunities worth Sh541 billion in four value chains.

“Our partnership has selected four value chains which have a potential of growth to help transform lives of Tanzanian farmers,” the statement said noted yesterday. It added that the partnership’s objective was to catalyse the financial sector to address the needs of selected agricultural value chains in Southern Highlands.

The partnership estimates financing opportunities worth Sh541 billion for financial service providers to learn about, design products, mobilise and syndicate. “We invite banks, pension funds, investment funds and financial advisories to Nane Nane in Mbeya to meet with farmers and discuss their financial requirements,” the statement said.