Wednesday
February 6
2019

Finnfund Boosts Sustainable Avocado Farming In Tanzania

Finnfund, a Finnish development finance company, provides a EUR 2.5 million secured loan to Africado, a Tanzanian avocado producer.

Sustainable avocado farming is a viable alternative for Tanzania’s Kilimanjaro region farmers whose livelihoods have been shaken by the plunging price of coffee.

The price of coffee has fallen sharply in recent years primarily due to expanded production in Brazil and Vietnam. The impact is felt also in Tanzania’s Kilimanjaro region where coffee farming has long been an important source of livelihood. Now local farmers are urgently seeking alternative crops.

Photo courtesy of slgckgc.

Source: busiweek (link opens in a new window)

Categories
Agriculture
Tags
agriculture, development finance, emerging markets, farmers