Public Management

Tanzania to invest $426mln in new irrigation systems

Tanzania to invest $426mln in new irrigation systems
Monday, 22 June 2020 19:44

The Tanzanian government plans to build new agricultural irrigation systems in the coming years. According to Tanzania's National Irrigation Commission (NIRC) cited by Xinhua, $426 million is planned to be invested to build 384 new irrigation systems over the next five years in eight regions of the country including Dodoma, Kilimanjaro, Mbeya, Morogoro, Mtwara, Mwanza, Tabora, and Katavi.

According to the authorities, this program is intended to alleviate the difficulties of the Tanzanian agricultural sector, which accounts for a third of the country's GDP. The recent heavy rains in the East African region have affected the performance of the sector, which employs 75% of the population. The investment will have a direct impact on the improvement of food security across the country.

According to Daudi Kaali, MD of NIRC, the funds needed to implement the new irrigation projects will be mobilized under the second phase of Tanzania's Agricultural Sector Development Program, which is scheduled to be completed by 2023.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Nigeria’s gross external reserves rose to $50.45 billion on Feb. 16, their highest level in 13 years. The reserve stock covers 9.68 months of...
Cameroon Treasury bill demand rises to 84.84% in January Rate surpasses CEMAC regional average of 69.04% Average yield falls to 6.87%, easing...
Verdant Capital structured a $5 million equity placement for Polysmart Packaging Group. The funds will expand food-grade recycled PET production...
Askadar Housmane Sanou has been appointed to lead Burkina Faso’s state investment fund, CDI-BF. The fund, created in 2023, is central to...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
03

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...

BOAD Defends Sovereign Bond Purchases as Liquidity Management, Not Budget Support
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.