Tanzania, Feb 21 – European Union (EU) has injected $ 5.5 million to boost Tanzania agricultural projects aim at improving the sector. EU has been a paramount and fundamental supporter in Africa’s project as it continues to give aid to bolster the economic affairs of the continent. The monstrous financial addition will be able to cater for the East African country’s launch of agriculture programme.
Food security is a major concern not only in the country but in the continent with the increasing population growth that puts a pressure on the demand for food. Tanzania, like most African countries targets the agriculture sector as the primary pillar for the economy of the country and livelihood for most citizens. The boost will enhance quality production for the food produce.
The farmers will be the key beneficiaries of the programme looking at boosting the productivity of farmers and expand the sector. It poses an opportunity for not only the farmers to earn more profits, but to enrich their financial lives with modern farming practices. The second phase of the programme will be a quantum leap to the sector that has suffered a few setbacks in the past seasons.
Other sectors that will benefit from the help include finance ministry, water and irrigation as well. With their partnership in the programme, the holistic approach geared towards establishing a stable spine for the economy will be effectively achieved. It will prompt the upgrade of other sectors as well for the general well-being of the country.
The programme looks into how to commercialize the crops and not the mere farming activity. Tanzania is a major exporter of its commodities and hopes to increase its exports revenue with an increased standard on the same. This will need more investors into the region with the hope of benefiting from the already existing potential.