Tanzanian agriculture development bank 'must focus on smallholders'

Jun 14, 2012

An organisation in Tanzania has called for the creation of an agriculture development bank focused on rural smallholder farmers.

An organisation in Tanzania has called for the creation of an agriculture development bank focused on rural smallholder farmers.

Speaking to the Daily News, Chairman of National Network of Small Scale Farmers Groups in Tanzania Habibu Simbamkuti claimed many agricultural workers feel excluded from the current budget.

This means their needs are often ignored when it comes to allocating national finances.

As a result, they are unable to live up to their potential and perform as well as they can, despite the fact agriculture is a vital aspect of the Tanzanian community.

Mr Simbamkuti said: "We hope the envisaged agriculture development bank will not be urban-based as usual, but instead be focused on rural smallholder farmers' needs."

Agriculture contributed 28.15 percent of Tanzania's gross domestic product in 2010, according to figures from the World Bank.

Chairman of the Agriculture Council of Tanzania Salum Shamte was quoted by the Daily News as saying the country still has many challenges to overcome if it is to reach its target of growing its agriculture sector by eight percent.ADNFCR-2976-ID-801384542-ADNFCR