Tanzania Agricultural Development Bank to inject US$17m in coffee sector

TANZANIA – State-owned Tanzania Agricultural Development Bank (TADB) is continuing to offer financial support to coffee cooperatives in the country facilitating the production and purchase of the crop. Recently the bank issued Tsh27bn/- (US$11.6m) to four Lake Victoria Zone cooperative societies to buy coffee from Kagera and Mara farmers this season. Kagera region is the main Robusta coffee producing area and contributes to about 30 per cent of the total coffee production in Tanzania. The cooperative societies are Ngara Farmers’ Cooperative, Karagwe District Cooperative Union (KDCU), Kagera Cooperative Union (KCU) and…

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