RicherFin · Sovereign Projects

Tanzania - Building a Better Tomorrow : Youth Agribusiness Initiative (BBT-YIA) — Tanzania

Tanzania · Dodoma Region, Mbeya Region · Agricultural policy and administrative management

Overview

The proposed project, Building a Better Tomorrow (BBT) Program : Youth in Agribusiness -Project I is closely aligned to Government of Tanzania (GoT)’s long-term development objectives outlined in the Tanzania Development Vision 2025 (TDV25) and the third Five Year Development Plan, which articulate interventions aimed at increasing the value and productivity of agricultural production, employment creation, expanding the diversification of products and strengthening the value chains in the agricultural sector, and creating favourable environments for the private sector to engage profitably in production and export of agricultural products. It is also aligned to Pathways for Sustainable Food Systems 2030, whose transformative channels include focusing production and productivity on the crop, livestock and fisheries sub-sectors, while financing agriculture and private-sector involvement. The project contributes to climate finance, with 65 million USD of the total approved amount dedicated to adaptation.

Key project information

Official name
Tanzania - Building a Better Tomorrow : Youth Agribusiness Initiative (BBT-YIA)
Status
Ongoing
Current phase
Ongoing
Country
Tanzania
Location
Dodoma Region, Mbeya Region
Sector
Agricultural policy and administrative management
Project structure
Public investment / AfDB sovereign financing
Estimated project cost
XDR 94.8m
Expected completion
2029-12-31