Around 69% of people in Tanzania live in rural areas (2014), with one third living in poverty. Greenfield investments in Tanzania are high cost and high risk, as the country lacks basic infrastructure, such as power and water. It is also extremely difficult to access quality and affordable inputs, such as new seed varieties. As in other countries, a scarcity of management expertise, together with complex land rights and red tap, makes for a challenging operating environment.
AgDevCo first invested in Tanzania in 2012 and opened an office in the following year. Investments are made across a diverse portfolio of businesses within the agricultural sector, supporting emergent and smallholder farmers and developing greenfield sites.
Sources: World Bank, FAOSTAT, Global Food Security Index