- Tanzania Diary Board and Tanzania Agricultural Development Bank (TADB) have signed a Memorandum of Understanding (MoU) geared towards supporting the development of diary value chain in Tanzania.
Dar es Salaam. Tanzania Dairy Board and Tanzania Agricultural Development Bank (TADB) have signed a memorandum of understanding (MoU) geared towards supporting the development of diary value chain.
The agreement was signed in Dar es Salaam on Monday by the bank’s acting managing director, Mr Augustino Chacha, and the dairy board acting chairman, Mr Lucas Malunde, who described the agreement as would be a panacea for the sector growth.
Speaking shortly after the signing ceremony, Mr Chacha said the agreement among other things would help to strengthen the dairy sector in Tanzania with major focus on increasing dairy value chains.
“This agreement meant a lot for increasing productivity, sustainable production in dairy sector, capacity building for stakeholders including training and technology,” Mr Chacha explained.
He described the dairy sector as lucrative and that has a good contribution to the national economic growth. The support for the sector would enable it contributes significantly into the government coffers.
The acting Registrar of TDB, Dr Sophia Mlote, said the agreement would help the availability of capital that was highly needed to stimulate growth and development of dairy sector among stakeholders.
“The availability of modern equipment needed at all stages of production will play a significant role in the sector. We are optimistic that the agreement with TADB was meaningful,” Dr Mlote said.
She said in ensuring the government’s efforts to build the mid-sized and industrial base economy by 2025. She also commended the government for waiving nuances taxes in sector to encourage and attract more investments.