The expansion of the facilities of Yara will both make quality fertilizer more readily available and make it available in smaller packages and as specialized types, benefiting particularly the small scale farmers, who normally are the victim of traders and smaller importers. Small scale farms often ends up with expensive and low quality fertilizer.
As the only fertilizer company in Tanzania Yara also provides free extension through five agronomists that travel around on the countryside and give farmers advice on how to best to utilize the fertilizer. The project is an important element in the realization of the agricultural corridors being promoted in sub-Saharan Africa.
A loan of 6 MUSD was committed 17.10.2012 for the construction of a modern fertilizer terminal and handling facility in the port of Dar es Salaam with a throughput of 150.000 tons per year to be built by Yara Tanzania Limited. The construction started in August 2012 and will be completed in roughly one year. The project will not only secure the supply of high quality fertilizer at competitive prices, but also free up limited port handling capacity at the port of Dar es Salaam, an important port for the region. The project fits well into Norfund’s agricultural sector investments in Tanzania and will provide us with increased insight into the sector.