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title : TADB, NDC SIGN MoU FOR AGRI-INDUSTRIAL RESOURCE MOBILIZATION
link : TADB, NDC SIGN MoU FOR AGRI-INDUSTRIAL RESOURCE MOBILIZATION
TADB, NDC SIGN MoU FOR AGRI-INDUSTRIAL RESOURCE MOBILIZATION
Tanzania Agricultural Development Bank (TADB) and National Development Corporation (NDC) signed a Memorandum of Understanding of cooperation in resource mobilization, lending, distribution, and servicing of tractors and farm implements to farmers in Tanzania.
Speaking on the objective of cooperation, the acting managing director of TADB, Mr. Augustino Matutu Chacha said that the signed MOU will facilitate establishment of country-wide demand for tractors and farm implements as well as to facilitate mobilization of sustainable financial resources for provision of loans, procurement, distribution and servicing of tractors and farm implements to farmers in Tanzania and to facilitate the application of sound lending principles in the provision of loans for purchase of tractors and farm implements, including loan monitoring and evaluation.
Other benefits will include facilitating establishment of more efficient means of procurement, distribution, and delivery of tractors and farm implements; and providing a framework for establishing effective and continuing collaboration between the Bank and the Corporation.
“This MoU between the Bank and the Corporation will draw mutual benefits from cooperation between the two organizations in resource mobilization, lending, distribution and servicing of tractors and farm implements to farmers in Tanzania,” he said.
Acting Managing Director of TADB, Mr. Augustino Matutu Chacha (left) together with NDC’s Managing Director, Eng. Ramson Mwilangali (right) sign MoU that aims at Design resource mobilization strategies for procurement of tractors and farm implements and provision of loans to farmers in Tanzania. The signing in ceremony held at TADB’s Headquarter in Dar es Salaam.
Acting Managing Director of TADB, Mr. Augustino Matutu Chacha (left) and his NDC’s counterpart, Eng. Ramson Mwilangali (right) display signed MoU that aims at Design resource mobilization strategies for procurement of tractors and farm implements and provision of loans to farmers in Tanzania.
TADB’s management together with NDC’s counterpart in the Memoir Group Photo after signing the MoU that aims at Design resource mobilization strategies for procurement of tractors and farm implements and provision of loans to farmers in Tanzania.
HABARI ZAIDI BOFYA HAPA
HABARI ZAIDI BOFYA HAPA
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