Tanzania’s Booming Economy Exposes Business Weaknesses—Experts Call for Strategic Action
While Tanzania’s economy is surging with a 5.6% GDP growth in early 2024, fueled by manufacturing, construction, tourism, and financial services, a stark reality looms beneath the progress—over half of businesses in the country fail within their first five years. According to recent studies, 53.2% of Tanzanian businesses collapse due to fragmented systems, poor strategic […]
From Training to Transformation: TAPBDS Drives Business Growth and Job Creation
Small agribusinesses across Tanzania continue to reap the rewards of targeted training, coaching and mentorship services offered by TAPPBDS which transform their operations and expand their market reach. As implementing partners of the Business Development Entrepreneurship Coaching (BDEC) project under NAFAKA Kilimo, SMEs (AMCOS, Farmer Organizations and Agrodealers) have benefited from the training, coaching and […]
From Emotional to Confident Tractor Operator
Happiness Kuzenza (22) from Mpanda, Katavi region, began her journey in tractor operation with determination. Initially, she was emotional, but with time, she gained confidence. Remarkably, within a day, she was able to operate a tractor. This example is particularly significant given that youth unemployment in Tanzania stands at 3.49% in 2023. Programs like YEFFA […]
Making Mechanization Adoption Models work for rural farmers: A story from Mpanda Tanzania.
Recently, Mr. Mbiti who is a farmer based in Mpanda managed to acquire a combine harvester after a tripartite financing model was facilitated between the farmer, NMB Bank (financier) and Reliance Group (as a supplier). This is one of TAPBDS’s roles in facilitating business linkages under the Youth Entrepreneurship for the Future of Food and […]
AgriSMEs Gain Financing Insights at MARKUP II BootCamp
The International Trade Centre through its MARKUP II Program, recently organised an Access to Finance BootCamp for AgriSMEs and financial institutions offering agrifinance products. This two-day event, held at Crowne Plaza® Hotels & Resorts Dar es Salaam from 10th – 11th followed by another from 13th to 14th February at Morena Hotel in Dodoma, aimed […]