Bank lending to agriculture falls, says BoT

For years the government has been urged to help farmers have access to affordable loans and inputs

The Bank of Tanzania (BoT) is working on an application to allow commercial banks start offering loans through mobile platforms.

NIC Bank Tanzania will benefit from Tzs 8.5 Billion of additional capital from the Bank’s shareholders. The funds will be disseminated in two tranches of Tzs 5.8B with the injection of additional capital from NIC Bank Kenya already done in December 2013, with the Tzs 2.7B balance from the other local shareholders of NIC Bank Tanzania expected within a period of 6 months but no later than June 2014.

“A growing financial need in this market has required that NIC Bank Tanzania further grow...

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>Preparations have been finalized for the launching of Tanzania Agricultural Development Bank (TADB), a banker disclosed here last week.

The Tanzania Agriculture Development Bank (TADB) will start issuing loans next week with Iringa-based small scale farmers being the first beneficiaries.

Makhtar Diop, World Bank Vice President for Africa.

Record 10,500 tons of seed to be delivered for April planting season

In a concerted push to revive agriculture and avert hunger in Ebola-hit countries, the World Bank Group has mobilized up to $15 million in emergency financing to provide a record 10,500 tons of maize and rice seed to over 200,000 farmers in Guinea, Liberia and Sierra Leone in time for the April planting season.

More than one million people could go hungry unless they...