{"id":9747,"date":"2020-06-01T20:31:58","date_gmt":"2020-06-01T20:31:58","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=9747"},"modified":"2020-06-01T20:31:58","modified_gmt":"2020-06-01T20:31:58","slug":"tadb-lends-100m-to-buchosa-fishermen","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen","title":{"rendered":"TADB LENDS 100M\/-TO BUCHOSA FISHERMEN"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> BUCHOSA fishermen in Mwanza Region have been thrown a lifeline by Tanzania Agricultural Development Bank (TADB) with 100.7m\/-credit to help them stay afloat and expand their business to regional market.<\/p>\n

The beneficiaries belong to Zilagula Fishing Cooperative Society in Buchosa District and will use the credit facility to purchase better fishing tools so as to boost their productivity, reduce fish loss and raise fish supply to regional markets in Burundi and DR Congo.<\/p>\n

The Deputy Minister of Livestock and Fisheries, Abdallah Ulega handed over a dummy cheque of 100.7 million to Mr Joram Yuda, Chairman of Zilagula Fishing Cooperative Society at Kanyara Village in Bushosa District on Saturday.<\/p>\n

He also issued registration certificates to seven cooperative societies formed along with other three cheques totalling 15m\/- to the three organisations as the money provided by the Buchosa District Council to support the fishermen.<\/p>\n

\u201cI congratulate TADB for their continued cooperation and dedication to support development of fishing subsector. I wish when I come next time, I should hand over 500m\/-cheques and more,\u201d the Deputy Minister said.<\/p>\n

He instructed the fishermen to continue forming cooperative societies so that they could be easily supported to improve productivity that is in the whole fishing value chain.<\/p>\n

\u201cWe must be proud of our achievements, since fishing sub-sector contributes 1.7 to 2 percent in the country\u2019s GDP and the target is 5 percent and that is why we are here today, and we will keep supporting you,\u201d he said.<\/p>\n

The TADB Managing Director, Japhet Justine said the credit facility to the Zilagula fishing cooperative society was just a beginning to their support to fishermen in cooperative societies to boost development in the fishing sub-sector.<\/p>\n

\u201cThrough joint efforts with the ministry and the Buchosa District, we have begun lending to the Zilagula fishing cooperative society. We believe these loans will stimulate more production and facilitate the processing activities of fish as the domestic and international market is huge and existing,\u201d he said.<\/p>\n

\u201cNevertheless, government’s efforts of penetrating Tanzania\u2019s goods in the global market is phenomenal, there are planes flying from Mwanza International Airport flying fish products to European markets.\u201d<\/p>\n

The Executive Director of Buchosa Council, Chrispin Luanda said they had a goal of forming at least 10 fishermen cooperative societies so that fishermen could easily be empowered.<\/p>\n

The District Administrative Secretary, Mr Allan Agustine said that, the district is estimated to have 20,080 fishermen and the process of forming more cooperative societies was on-going.<\/p>\n

\u201cWe are very pleased with this initiative and we as a council support the effort by empowering our fishermen, with 15m\/-we believing that they will help further in fishing activities,\u201d said the Buchosa council’s Cooperative Officer, Martin Kimisha.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: BUCHOSA fishermen in Mwanza Region have been thrown a lifeline by Tanzania Agricultural Development Bank (TADB) with 100.7m\/-credit to help them stay afloat and expand their business to regional market. The beneficiaries belong to Zilagula Fishing Cooperative Society in Buchosa District and will use the credit facility to purchase better fishing tools so as […]<\/p>\n","protected":false},"author":84,"featured_media":9717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[522,4192,854],"class_list":["post-9747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-abdallah-ulega","tag-joram-yuda","tag-tadb"],"yoast_head":"\nTADB LENDS 100M\/-TO BUCHOSA FISHERMEN - Tanzania<\/title>\n<meta name=\"description\" content=\"BUCHOSA fishermen in Mwanza Region have been thrown a lifeline by Tanzania Agricultural Development Bank (TADB) with 100.7m\/-credit to help them stay\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TADB LENDS 100M\/-TO BUCHOSA FISHERMEN\" \/>\n<meta property=\"og:description\" content=\"BUCHOSA fishermen in Mwanza Region have been thrown a lifeline by Tanzania Agricultural Development Bank (TADB) with 100.7m\/-credit to help them stay\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-01T20:31:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/d1fcef22263aacd3db4967867f103c65.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1698\" \/>\n\t<meta property=\"og:image:height\" content=\"1131\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TADB LENDS 100M\/-TO BUCHOSA FISHERMEN\",\"datePublished\":\"2020-06-01T20:31:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen\"},\"wordCount\":454,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/06\/d1fcef22263aacd3db4967867f103c65.jpeg\",\"keywords\":[\"Abdallah Ulega\",\"Joram Yuda\",\"TADB\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/tadb-lends-100m-to-buchosa-fishermen\",\"name\":\"TADB LENDS 100M\/-TO BUCHOSA FISHERMEN - 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