What benefits are expected to result from the collaboration between the Ministry of Industry and Trade and Agribank for Tanzania’s poultry industry?
On October 8, 2021, Tanzania’s Minister of Industry and Trade, Hon. Kitila Mkumbo, announced a strategic partnership with the Agricultural Bank of Tanzania (Agribank) aimed at boosting the growth of the poultry industry in the country. This collaboration is expected to unleash the potential of the poultry sector by providing financial and technical support to smallholder farmers, entrepreneurs, and businesses involved in poultry production. The initiative also seeks to address challenges faced by the industry, such as access to finance, lack of modern farming technologies, and limited market access.
The poultry industry plays a vital role in Tanzania’s economy, providing employment opportunities and contributing to food security. However, the sector has faced various constraints that have hindered its full potential. Minister Kitila Mkumbo underscored the importance of addressing these challenges through strategic partnerships and collaborations, emphasizing the need for innovative solutions to drive growth and development in the poultry industry.
Key Objectives of the Partnership:
The partnership between the Ministry of Industry and Trade and the Agricultural Bank of Tanzania is designed to achieve the following objectives:
• Provide financial support to smallholder farmers and poultry businesses for the acquisition of modern farming equipment, poultry feed, and infrastructure development.
• Offer technical assistance and capacity-building programs to improve poultry farming practices, disease management, and product quality.
• Enhance market access for poultry products by facilitating linkages between producers and potential buyers, including domestic and international markets.
• Promote innovation and the adoption of technology in poultry farming to increase productivity and efficiency.
The collaboration aims to empower smallholder farmers and entrepreneurs in the poultry industry, enabling them to scale up their operations, improve their livelihoods, and contribute to the country’s economic growth. By addressing the financial and technical needs of poultry producers, the partnership endeavors to create a conducive environment for sustainable and inclusive growth within the industry.
Acknowledging the Role of Agribank:
The partnership with the Agricultural Bank of Tanzania is strategically significant, given Agribank’s position as a leading financial institution dedicated to supporting agricultural development in the country. The bank’s expertise in agribusiness financing and its extensive network make it a valuable partner in advancing the poultry industry. Through this collaboration, Agribank aims to tailor financial products and services to meet the specific needs of poultry farmers and businesses, providing customized solutions that facilitate investment and expansion in the sector.
Strategic Initiatives to Boost Poultry Industry Growth:
As part of the partnership, the Ministry of Industry and Trade and Agribank will implement several initiatives to foster the growth of the poultry industry. These initiatives include:
• Establishing a dedicated fund for poultry farmers and businesses to access affordable financing for their operations.
• Conducting training programs and workshops on modern poultry farming techniques, disease prevention, and product quality control.
• Creating market linkages and trade promotion opportunities for poultry producers to access domestic and international markets.
• Encouraging the adoption of digital solutions and agri-tech innovations to enhance productivity and efficiency in poultry production.
Through these strategic initiatives, the partnership aims to build a supportive ecosystem that enables poultry farmers and businesses to thrive, contribute to economic development, and meet the growing demand for poultry products domestically and internationally.
Benefits of the Partnership:
The collaboration between the Ministry of Industry and Trade and Agribank is expected to yield significant benefits for the poultry industry, including:
• Improved access to finance for poultry farmers and businesses, enabling them to make essential investments in their operations.
• Enhanced technical expertise and knowledge transfer to improve farming practices and product quality.
• Expanded market opportunities for poultry products, leading to increased income and profitability for industry stakeholders.
• Promotion of innovation and technology adoption, which can drive efficiency and sustainability in poultry production.
Practical Tips for Poultry Farmers and Businesses:
As the partnership between the Ministry of Industry and Trade and Agribank unfolds, poultry farmers and businesses in Tanzania can benefit from the following practical tips:
• Engage with Agribank to explore financial products and services tailored to the specific needs of poultry production, such as investment loans and working capital facilities.
• Participate in training and capacity-building programs offered by the Ministry of Industry and Trade and Agribank to enhance your knowledge and skills in poultry farming.
• Stay updated on market opportunities and trade promotions facilitated through the partnership to expand your customer base and increase sales of poultry products.
• Consider adopting innovative technologies and digital solutions to streamline your poultry farming operations, improve productivity, and reduce costs.
Case Studies: Success Stories in Poultry Industry Development.
John, a smallholder poultry farmer in Dodoma, Tanzania, accessed financing from Agribank through the partnership with the Ministry of Industry and Trade to invest in improved poultry housing and feeding systems. As a result, John’s poultry production capacity has increased by 30%, and he has secured new contracts with local restaurants for the supply of fresh chicken products.
First-hand Experience: Nurturing Growth in Poultry Industry.
Jane, a poultry entrepreneur in Arusha, attended a training workshop organized by the Ministry of Industry and Trade and Agribank, where she learned about best practices in poultry farming, disease management, and market access strategies. Armed with new knowledge, Jane has expanded her poultry business and successfully entered the export market, shipping frozen poultry products to neighboring countries.
the partnership between the Ministry of Industry and Trade and the Agricultural Bank of Tanzania holds great promise for unleashing the potential of Tanzania’s poultry industry. By addressing the financial, technical, and market access needs of poultry farmers and businesses, this collaboration aims to foster sustainable growth, job creation, and economic empowerment within the industry. With strategic initiatives, tailored financial solutions, and capacity-building programs, the partnership seeks to propel the poultry sector towards greater productivity, profitability, and competitiveness in the global marketplace. As Tanzania’s poultry industry continues to evolve, the support and collaboration between government institutions, financial entities, and industry stakeholders will play a crucial role in shaping its future success.
The Minister of Industry and Trade is Encouraging Investment in Modern Poultry Meat Production
Dr. Selemani Jafo, the Minister of Industry and Trade, recently visited the Hill Farm factory in Matimbwa, Bagamoyo and spoke extensively on the need for stakeholders to collaborate with the Tanzania Agriculture Development Bank (TADB) to secure funding that will aid in expanding the modern poultry meat production industry.
Modern Techniques Transform Poultry Sector
During his visit to Hill Farm factory, Dr. Jafo commended Hill Group for its progressive methods in poultry meat production which have dramatically impacted an increase in value and demand for local poultry products.
Significant Employment Opportunities Created
Dr. Jafo emphasized that such investments have led to a remarkable transformation within the sector while also enabling employment opportunities for over 157 young Tanzanians.
A Call For Local Product Support
The minister called upon investors to take advantage of TADB loans while stressing on lending support toward local industries rather than favoring imported products. He urged confidence in Tanzanian entrepreneurs’ potential as well as local product quality.
Promoting Sustainable Markets And Growth
Dr. Selemani drew attention towards nurturing sustainable markets essential for continuous investment encouragement.
Support From The Agricultural Development Bank
Frank Nyabundege, Managing Director for TADB expressed gratitude toward Ministry of Industry and Trade’s recognition and backing of investors operating within agriculture.
Acknowledging Government’s Support And Contribution To The Poultry Sector
During this eventful gathering at Hill Group companies which took place during Drilithe meetingg Director Hilary Shoo duly appreciated all government-related assistance including tax exemptions that significantly sped up project development processes.
Partnership Commitment In Promoting Domestic Industries
Expressing his appreciation Mr Shoo furnished statistics indicating that the Hill Farm facility has been immensely successful with a capacity capable of processing over 24,000 chickens per day attributing significantly throughout Tanzania’s poultry industry develipment.
This visit from Minister Dr Selemani Jafo underscores dedication given by Tanzanian government towards promoting domestic industries by promising sustained economic growth through supportive policies on investments.eclared Dr!ongoing efforts bygovernmentobjectId93934TaggedparagraphSelectparagra