Thursday, 6 March 2008

SIDO gets 30bn/- IFAD funding for rural development

From IPP Media, Dar es Salaam
By Beatrice Philemon

The International Fund for Agricultural Development (IFAD) has agreed to give a total of 30bn/- to the Small Industries Development Organisation (SIDO) for the promotion of rural development in the country during the next seven years.

Mike Laiser, SIDO director general, revealed this recently at the just-ended training on financial management and accounting for accountants and auditors of projects funded by IFAD.

"IFAD has decided to provide the funds after discovering that inadequate knowledge on value chain management including information on marketing opportunities are major impediments that hinder both farmers and small entrepreneurs in rural areas from operating more effectively," he said.

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