Agricultural Development Bank of Tanzania (TADB) learns from Agribank (3/6/2015) (Updated at 16:15, 3/6/2015)
On
June 01- 02, 2015, TADB’s delegation headed by Mr Thomas M.F.Samkyi –
General Director has pay a visit and survey to learn in Agribank.
Established
in 2012, but until 2015 TADB has been officially performed with the
aim of promoting agricultural sector in general and Tanzanian farmers
focused. Therefore, TADB sent a delegation to learn from the success of
Agribank on policy development, operations, products & services,
corporate governance and organizational structure, IT system, security
issues, procedures, and strategies forward to development and fund
mobilization...
TADB’s
delegation was warmly welcomed by Agribank, and TADB also takes this
opportunity to learns a lot of experiences from Agribank and
challenges, especially in the fields of investment and development of
agriculture sector and rural areas. Through this work, Agribank is also
looking forward to cooporate closely with TADB in particular and the
East African region in general.
It
is said that the Ministry of Agriculture and Rural Development of
Vietnam and the Ministry of Agriculture & Food Security of Tanzania
has signed a memorandum of understanding on agricultural cooperation ,
in which, there are 5 key areas Tanzania wants to cooperate with
Vietnam, including: chemical fertilizers production; black tea
processing, oilseed processing; clean crop production, food production
chain and fresh food. For further cooperation in potential fields and
seed production, Agribank and TADB will create good condition for
enterprises of the both sides in promoting the economic development and
relationship for the mutually beneficial.
Phuong DungOLDER
(29/05/2015)
(21/05/2015)
(27/12/2014)
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(23/10/2014)
(13/10/2014)
(23/09/2014)
(04/12/2013)
(24/02/2012)
(02/02/2012)
Kilimo bank in the offing
Guests
follow the launch of the Tanzania Agricultural Development Bank in Dar
es Salaam yesterday. The government has pledged to give Sh850 billion as
running capital. PHOTO| ANTHONY SIAME
By Ludger Kasumuni, The Citizen Reporter
Posted Saturday, January 31 2015 at 09:24
Posted Saturday, January 31 2015 at 09:24
IN SUMMARY
· The
bank will go a long way to supporting farmers -- both large and small
scales -- to transform the way they engage in the sector
Dar es Salaam. At
last the government has launched the Tanzania Agricultural Development
Bank (TADB) with a pledge to finance $500 million (Sh850 billion) as
running capital.
Addressing
reporters yesterday after the launching ceremony, Agriculture, Food
Security and Co-operatives ministry’s permanent secretary Sophia Kaduma
said the bank will start providing loans to finance agricultural inputs
which are vital for increasing production.
“Increased
investment in agricultural inputs such as fertilisers, farm implements,
warehouses and agro-processing industries are vital for raising
production and fighting poverty,” said Ms Kaduma.
She pointed out that Tanzanians, majority of who are farmers, had very big expectations from the bank.
“The
government also expects the new bank to raise the contribution of
agriculture to the Gross Domestic Product. It is our hope that the bank
will not only carter for big farmers but also for smallholder farmers in
a bid to overcome poverty in the rural areas,” she said.
According
to her, the Agriculture ministry has five issues that are required to
be addressed by TADB. These, according to her include: co-ordinating
agricultural research programmes on behalf of the government and
enhancing collaboration with the Finance ministry for obtaining vital
sources of funds that will lead to provision of low cost credit to
farmers.
Others,
according to her, are: ensuring that the bank becomes the supervisor
of development projects in the ministries linked to agriculture such as
those of Water, Livestock, Transport, Works and others, learning from
other countries that have successfully run similar banks such as Vietnam
and China. It will also be expected to prepare public education
programme on how Tanzanians can benefit from such bank.
“Today,
various stakeholders will discuss how the bank will be run with focus
on serving economic interests of the farmers. They will also discuss the
20 year development plan for the bank,” said Ms Kaduma.
For
his part, the deputy permanent secretary in the Finance ministry, Prof
Adolf Mkenda, said the government had high expectations on the bank,
particularly in relation to improving agricultural production in a bid
to push forward the agrarian revolution.
Prof Mkenda said that the TADB would be evaluated against the results of whether farmers’ income and the GDP are growing.
Mr
Henry Temu, a TADB board member, said the government has promised to
finance Sh100 billion annually for eight consecutive years so as to
consolidate capital base.
“The
government owns 100 per cent shares in the newly launched agricultural
bank. Apart from depending on government coffers, the banks will also
outsource various external sources of credit funds,” said Mr Temu.
Regarding
the bank’s collateral, he said stakeholders would discuss on matter to
ensure that the majority of Tanzanians access agricultural credits at
affordable costs
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