Govt to redraft stalled Sagcot scheme

What you need to know:

Agriculture minister Japhet Hasunga reveals that the shelving of the grant scheme for medium and small scale farmers was meant to allow a fresh start to suit Tanzania’s current interests and priorities

The WB manager for Africa communications, Mr Steven Shalita, confirmed to The Citizen that the government had asked to cancel the MGF, thereby making it untenable for the institution to issue the $50 million grant. The Citizen has learnt that ownership and management of the bankrolled projects was the main differing point. Mr Thomas Herlehy, team leader of the MGF, who resigned in January, was quoted by Africa Confidential saying that the government did not want to make matching grants to private sector agribusinesses. The government wanted to change the MGF from a grant scheme to a loan-based scheme. According to Mr Herlehy, it also insisted that any fixed assets which investors would purchase would, at some future date, be transferred to local rural district councils, which would hold the property on behalf of targeted smallholders.

Govt to redraft stalled Sagcot scheme

What you need to know:

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