Tanzania’s poultry sector is thriving, thanks to recent investments and government backing. Dr. Selemani Jafo, Minister of Industry and Trade, has emphasized the importance of collaboration among chicken industry stakeholders and financial institutions such as the Tanzania Agriculture Development Bank (TADB). During a visit to Hill Farm in Bagamoyo, Jafo complimented the farm’s modern approach to poultry meat production, underlining how such investments have boosted the value of local poultry products, created jobs, and contributed to Tanzania’s overall economic growth.
Dr. Jafo encouraged poultry producers to take advantage of financing options offered by TADB, which can help businesses access the capital needed for scaling production and boosting competitiveness. He emphasized the importance of supporting local industries by purchasing Tanzanian products over imported alternatives. Strengthening the domestic poultry market, he argued, is crucial for ensuring sustainable growth and encouraging more investors to enter the sector.
Hill Farm, for example, is a paradigm of successful industry investment, producing 24,000 chickens per day and having a considerable impact on the local poultry meat supply. This result demonstrates the sector’s potential when supported by appropriate financial mechanisms and government regulations. Furthermore, the project has created employment possibilities for approximately 150 young Tanzanians, which is consistent with the government’s goal of encouraging youth participation in critical areas such as agriculture.
TADB’s Managing Director, Frank Nyabundege, expressed gratitude for the government’s role in promoting the poultry sector and reaffirmed the bank’s commitment to facilitating growth in agriculture. The support from TADB, including tax exemptions and other financial incentives, has been instrumental in helping companies like Hill Farm thrive.
This collaboration between the poultry industry, government, and financial institutions is part of a broader strategy to enhance Tanzania’s agricultural productivity and reduce reliance on imports. By boosting local production and ensuring the availability of financing options, the Tanzanian poultry sector is poised for further growth, benefiting both producers and consumers.
