Tanzania Secures AfDB Loan for Rural Infrastructure, Finance Development

The African Development Fund, the African Development Bank’s concessional window, has agreed to provide $64 million for a five-year initiative to improve market infrastructure and rural financial services in Tanzania.

The loan will support the country’s Marketing Infrastructure Value Addition and Rural Finance Program, which includes the construction and rehabilitation rural roads in the country to create more livelihood opportunities for smallholder farmers. The program will also help improve farmers’ access to credit and related financial services.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.