Govt commends two pension funds for uniting farmers and pastoralists

20Mar 2018
The Guardian Reporter
The Guardian
Govt commends two pension funds for uniting farmers and pastoralists

THE two pension funds―PPF and NSSF have been commended for uniting farmers and pastoralists on the implementation of the grand sugar project currently being implemented by the pension funds in Morogoro Region.

Minister of State in the Prime Minister’s Office, Police, Parliamentary Affairs, Labour, Employment, Youth and the Disabled, Jenister Mhagama

Minister of State in the Prime Minister’s Office, Police, Parliamentary Affairs, Labour, Employment, Youth and the Disabled, Jenister Mhagama made the recommendations yesterday when speaking during the official launching of the sugarcane farm which focuses on training various agricultural out growers groups in Kilosa District.

Mhagama said that through the Mkulazi Holding Company, the two pension funds will help the groups to access loans for agriculture through Azania Bank which is owned by the two pension funds by over 90 per cent.She said: “I thank all the stakeholders in this project and I will report to President John Magufuli that the pension funds in collaboration with Azania Bank have not only strengthened the country’s economy but they have helped to solve various disputes facing farmers and pastoralists that is why we can witness farmers and pastoralistsworking together in the project.’

She also urged all youth countrywide to grab the opportunities available from the big projects that are currently implemented in the country, including the Standard Gauge Railway and the Hoima-Tanga Oil Pipeline promising to help whoever is willing to sail in that boat.“I have been fully enticed by the groups of youth who are fully committed to participate in this project and I want to equally request the Azania Bank management to make sure that they help these groups to access loans,’’ Mhagama said, hailing the bank for agreeing to help the agricultural groups. 

On behalf of the groups, Lawrence Mkondo who comes from the pastoral groups said the unity exhibited by pastoralists and farmers who were initially enemies was a welcome move, saying they had decidedto unite so as to boost the smooth implementation of the project.Mkulazi Holdings Company board chairman, Prof Godius Kahyarara who is also the NSSF director general and his PPF counterpart, William Erio said the construction of the Mkuluzi sugar factory which is located at Mbigiri area in Morogoro Region is expected to kick off next week, urging more farmers to come up in bigger numbers toparticipate in the project.“We anticipate that many youth will participate in the project that is why we have allocated the Msowero area in Kilosa District for them,’’ said Pro Kahyarara, who was supported by Erio who urged youth to join the groups so that they can access loans.On the access to loans, Azania Bank business development director Nyansaho Rhimo said his bank would provide 5bn/- loans to Magole joint cooperative which has a total of 115 groups and 1,200 members at the same time opening doors for other groups including of 133 youth who were united through the social media and later formed another company called KCL Company Ltd.