TANZANIA Agricultural Development Bank (TADB) has partnered with the Ministry of Livestock and Fisheries to provide 14 modern fibre fishing boats worth 1.2bn/- to Tanga fishermen.
TADB Finance Director, Dr Kaanael Nnko said here yesterday that the 14 fibre fishing boats are part of a large nationwide transformational strategy targeting beneficiaries from Fishing Cooperative Organisations , women and youth community groups , individuals and companies engaged in fishing activities.
He revealed that through the project in this year alone, TADB has been provided with total of 25.17bn/- that will be lent at zero per cent interest to different beneficiaries in the sector. "It is through this government that for the first time in the fisheries sector we have loans with absolutely zero per cent interest rate. It has never happened before," he said.There was a problem processing your submission. Please try again later.
Mr Ulega reiterated that the loans provided are part of the government's firm resolve to transform fisheries in the country through the Blue Economy initiative.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tanzania: One Stop Centres to Address Land Conflicts CountrywideMINISTER for Lands, Housing and Human Settlement Development, Mr Jerry Silaa said plans are at an advanced stage to set up countrywide one stop centres for handling and addressing land conflicts.
Read more »
Tanzania: TPSF Calls for Inclusion of More Products Into AgoaTANZANIA Private Sector Foundation (TPSF) has called for expansion of export products into the United States covered under African Growth and Opportunity Act (AGOA) for Tanzania and African countries to reap more from the arrangement.
Read more »
Africa: What's Happening in the Kayishema Case?Analysis - Balthazar Nduwayezu (our correspondent in Arusha, Tanzania)
Read more »
Hamas health ministry says Israeli strike killed 15 at Gaza UN schoolThe bombing of the UN school comes after four other schools in the Gaza Strip were hit on Thursday.
Read more »
Tanzanian Farmers Are Paying for 'Conservation' With Their Land and LivesFor over 15 years, small farmers and pastoralists in Tanzania's Mbarali have been facing threats of eviction, criminalization and violent attacks by the state to expand the Ruaha National Park
Read more »