Tanzania: TBL to Invest Sh27 Billion in Agriculture Sector

Posted on :Monday , 22nd August 2016

Mwanza — Tanzania Breweries Ltd (TBL) Group is planning to invest Sh27 billion in agriculture sector in the current financial year as a way to facilitate industrialization drive in the country.

The money will enable barley, grapes, sorghum and maize farmers through providing them with seeds, extension services as well as facilitating them with access to credit, according to the company's managing director Mr Roberto Jarrin who was presenting an overview of his company's contribution to the country's economy. The firm's financial year starts April 1. He said the firm contributed Sh384 billion to the government revenue in 2015.

"We remain committed to making a significant contribution to the Tanzanian economy. We remain steadfast in our resolve to support all the industries that are linked to our business. That is, from the farmers in the field to the consumers who buy our products," said Mr Jarrin.

He also mentioned banks that provide support to TBL's partners in the agriculture sector as CRDB and the National Microfinance Bank (NMB).

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