Business

Tanzania to Build New Grain Storage Facilities With TZS 1.2T Budget and Launch USD 490M Bond Scheme

Tanzania’s National Food Reserve Agency will build new grain storage facilities and rehabilitate existing ones under a TZS 1.2T 2025/26 budget. The agency also plans to launch a USD 490M bond scheme to fund additional storage and crop purchases.

The investment aims to expand the agency’s total grain storage capacity from 776,000 tonnes to 1.1 million tonnes.

In addition, NFRA is preparing to launch a food security bond scheme targeting USD 490 million from both local and international sources. The proceeds will support the construction of additional storage infrastructure, particularly in the southern highlands, with a planned capacity of 300,000 tonnes. The agency also intends to allocate TZS 800.6 billion for the purchase of 800,000 tonnes of maize, 150,000 tonnes of paddy, and other crops, including legumes, sunflower, and sugar, during the upcoming cereals purchasing season.

Read more at: https://www.tanzaniainvest.com/agriculture/nfra-grain-storage-facilities

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