African Development Bank Group approves $73.5 million to boost food production in Tanzania - News Summed Up

African Development Bank Group approves $73.5 million to boost food production in Tanzania


The Board of Directors of the African Development Bank Group on Friday approved $73.5 million to finance a program that will boost Tanzania’s food production by a million tonnes in three years. The Tanzania Agricultural Inputs Support Project, spanning September 2022-June 2025, was designed under the Bank Group’s African Emergency Food Production Facility ,to tackle a potential food crisis exacerbated by the war in Ukraine. Overall, the program will bolster the national production of wheat, sunflower and rice to mitigate food security risks and climate-induced stresses. Under the project, land under wheat production will increase from 100,000 ha to 400,000 ha by 2025. This will result in a $12 billion increase in food production in just two years.


Source: The North Africa Journal July 19, 2022 09:26 UTC



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