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Tanzania: 135bn/- in EU support for agriculture, poverty eradication

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Monday, 19 May 2014

Tanzania: 135bn/- in EU support for agriculture, poverty eradication

The European Union (EU) has disbursed over 135bn/- to support government efforts to improve agribusiness, infrastructure and trade development.
This donor aid occurred simultaneously to last weeks’ signing of a 2.3m EURO maritime security improvement Memorandum of Understanding (MoU) between the EU and the East African Community (EAC).
Speaking at the fund handing over ceremony in Dar es Salaam, the European Union Ambassador to Tanzania, Filberto Sebregondi, said the funds will support economic growth and better the well being of people and signifies the friendship and goodwill between Tanzania and the EU.
Sebregondi went on to explain that the funds will used to stimulate sustainable economic growth and poverty reduction in the country as well as foster Tanzania’s position in the East African Community.
Among projects to benefit are those in the agricultural sector through the Southern Agricultural Growth Corridor of Tanzania (SAGCOT) and will among other things include putting up infrastructures that will enable farmers get, water, electricity and reliable transport.
He also announced that the funds will go into construction of a one-stop inspection station for products in transit saying it is vital for trade facilitation between the port of Dar es Salaam and inter-land markets in the country and for neighbouring landlocked countries of Rwanda and Burundi.
“The project will make farmers access reliable electricity supplies, support them in harvesting and storing their crops more efficiently…it will contribute to food security and regulate the price of essential food crops such as rice and other commodities,” noted the diplomat.
“Agriculture employs roughly 70 percent of Tanzanians. This makes it a critical sector to support if we are to see economic growth for all,” he said.
A SAGCOT board member, Dr Roshan Abdallah, said along the southern corridor there are a number of clusters that have been identified as potential areas for increased agriculture output and these will be prioritised in disbursing the funds.

Source: ippmedia.com