The World Bank Board of Executive Directors today approved $70 million in new financing to support Tanzania’s agriculture sector and strengthen it by linking smallholder farmers to agribusinesses for boosting incomes and job-led growth.

As part of its national development strategy the Government of Tanzania is currently implementing the Southern Agricultural Growth Corridor of Tanzania (SAGCOT) Program which seeks to promote agribusiness partnerships to tackle low farm productivity and limited market access that are impeding development of the country’s agricultural sector.

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Source : farmlandgrab