EFTA's Commitment to Support Farmers with Modern Agricultural Machinery
Latest Tanzania agriculture news · EFTA's Commitment to Support Farmers with Modern Agricu… explained · updated Aug 8, 2026 · agriculture news · farmers · crops
TLDR
- Of the total amount,43m/- was refunded to 15 farmers in 2025, while 53m/- was awarded to 22 farmers in 2026, representing a 50 percent refund of the interest they had paid.
- ARUSHA: THIRTY SEVEN farmers from across Tanzania have received 100m/- in interest rebates under the Equity for Tanzania Limited (EFTA) Interest Rebate Programme, after repaying their loans on time.
- Beneficiaries said EFTA financing had enabled them to acquire tractors, power tillers and crop-processing machinery, boosting productivity, reducing production costs and creating more than 300 jobs in different parts of.
- The dummy cheque presentation was held at the EFTA pavilion during the Nanenane Agricultural Exhibition in Arusha.
- EFTA Chief Executive Officer, Nicomed Bohay, said the programme is designed to promote financial discipline among farmers.