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Tuesday, 01 April 2014

Tanzania, Japan: Sh6 Billion grant agreement for Agriculture

Tanzania has signed a grant agreement. Japan will lend Sh6 Billion through the Japan International Cooperation Agency (JICA). The agreement aims to develop the agricultural sector in the country.
The Permanent Secretary in the Ministry of Finance, Dr Servacius Likwelile, said the grant would enhance the agriculture sector. "The project addresses the main bottlenecks of development in agriculture, which employs about 74 per cent of the country's labour force and will thus address the concerns of the poor, the majority of whom engage in agriculture-related activities," he said.
"The funds will be utilized for procuring fertilizer aimed at increasing production activities and the proceeds realized from the sale of the fertilizer will be used for social and economic development, such as support for underprivileged farmers," he added.
According to him, the funds would also support government initiatives in achieving its target for 2015 under the Five-Year Development Plan. "The project will increase food self-sufficiency for cereals and legumes from 104 per cent currently to 120 per cent by 2015 and it will increase production of highvalue crops and average agricultural annual growth by at least 6 per cent," he said.
Source: AllAfrica