Tanzania gets $130m AfDB loan for Samia project

The project is expected to empower approximately 11,000 ‘agripreneurs.’ Shutterstock

The African Development Bank has approved a loan of $129.71 million for Tanzania to fund one of President Samia Suluhu’s flagship projects meant to boost participation of the youth in agriculture.

The loan will cover up to 53.8 per cent of the total cost, fielding the expenses for the first phase of the project dubbed “Building a Better Tomorrow: Youth Initiatives for Agribusiness” (BBT-YIA).