A smallholder farmer displays a newly harvested bunch of rice from her farm in Morogoro. The long awaited Tanzania Agricultural Bank is expected to help smallholder farmers increase farm productivity. PHOTO | FILE
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The management and the board of the new financial institution are already in place as is the earmarked premises along the Samora Avenue in Dar es Salaam.
Arusha. Preparations have been finalized for the launching of Tanzania Agricultural Development Bank (TADB), a banker disclosed here last week.
The management and the board of the new financial institution are already in place as is the earmarked premises along the Samora Avenue in Dar es Salaam.
Egata Makanja, a senior officer responsible for project finance with the TIB Development Bank told a meeting of agricultural experts here that the bank will finally take off after many years of preparations.
“TADB will support the agricultural projects through accessing farmers to credits and inputs for agriculture,” he said without specifying when exactly it will start operations.
The decision to establish a new development financing institution dedicated to financing agriculture was made by the government in 2008/2009 financial year.
