M a r k e t N e w s

EXIM Bank Tanzania Pledged To Support Cashew Farmers

Posted on : Thursday , 8th November 2018

 A section of cashew Nut farmers in Tanzania are set to receive a boost following a move by Exim Bank to support them with TZS 200 million ($87,334 dollars).The farmers from  Mtwara will benefit from the investment which aims at bolstering the industry productivity during 2018 season.According to a statement from Exim Bank, cashewnut industry in Tanzania recently has seen a significant growth in production and sale prices which is a move to improve the livelihoods of the farmers.

 
Jafari Matundu, Exim Bank Tanzania Deputy Chief Executive Officer said in an interview that the bank has been supporting the cashew nut farmers and exporters for many years by providing seamless financial services to the farmers and other stakeholders.
 
“We have had a presence in Mtwara for many years now supporting farmers and exporters by providing them with innovative financial products and services to support and grow their businesses.” He added.

Exim Bank Tanzania made a move to Mtwara to support the cashew farmers because it is an important segment in the agricultural portfolio in Tanzania. Currently, the country exports over 350,000 tons of raw cashews, which is an increase of almost 100% from previous years.

Exim Bank Tanzania is committed to supporting the agriculture industry in Tanzania by increasing their reach in the regions and providing innovative banking services and products necessary for strengthening agriculture activities. The bank is working with farmers through the Agricultural Marketing Co-operative Societies (AMCOS) in Mtwara and Tandahimba, which is an effective platform that supports farmers with production, processing, transporting and marketing of various cash crops including cashew.
 
Mr Jafari Matundu added, “With the increase in export and sale prices we saw fit to increase our loan portfolio to enable farmers increase production and quality of their products and therefore increase their earnings through their sales. Farmers need support on all farming stages, currently, they need support on harvesting stage for buying bags, paying laborers until the product reaches the buyer.” he concluded.
 

Source : www.foodbusinessafrica.com
Featured Companies
  • /
  • African Business Development Association
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • DOOREE INTERNATIONAL CO LTD
  • africabusiness.com
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Ceramic World Web is the first and only electronic magazine devoted to the entire ceramic industry production chain, from manufacturing through to distribution of floor and wall coverings and bathroom furnishing.
  • JNBK Corporation is a trusted leading manufacturer for top quality brakes with a widest range of products covering main applications for Japan, Europe & Americas.
  •  Minerals, Metals, Metallurgy & Materials International Exhibition and Conference is a leading biennial international event for industry professionals.
  • Bin Dhahi Trading LLC offers wide range of Items for the use of Building and Road Constructions, Industry, Safety for workers, Construction Chemicals, Power Tools, Hand Tools, Paints, Painting accessories, Adhesives, Abrasives, Water proof/Fire proof
  • Kitchen Equipment
  • Exporter of used clothing to the World.
  • MATRADE
  • Involved in spectrum of activities like Industrial Flooring, Waterproofing, Repairs and Rehabilitation and Acidproof Treatments etc.
  •  Egypt Power Group was founded by four brothers and established in Cairo. Egypt Power Group operates in the field of diesel engines providing a wide and varied range of products and applications.
  • Packing Materials & Machines, Packing  Materials & Machines manufacturer.
  • Monks International NV is the only supplier to the mattress industry with a 200 year expertise in the weaving of mattress ticking
  • Business Magazine
  • Radhekrishna, a leading mechanical engineering enterprise in India,
  • Manufacturers of the Glory brand of paints
  • White Horse Ceramic Industries is always the leader in quality, style, pattern and function in order to meet the demand for design and decoration of our customers.
  • Changzhou Guoshi Vehicle Accessories Co.,Ltd. is proficient in vehicle spare parts manufacturing and has involved a lot of capital, time and resources to make us prominent in this industry.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade