MTI Investment

The shareholder loan has been structured with a term of 3.5 years and carries an annual interest rate of 20 percent. This agreement demonstrates MTI's strong commitment to supporting Tanswed's growth trajectory in the value-added agri-processing sector. The newly acquired machinery will significantly enhance Tanswed's range of rice milling and processing services, allowing the company to capitalize on the growing regional demand.

An important development is that Tanswed is actively exploring an exclusive dealership arrangement with Goyam, aiming to distribute the cutting-edge agri-tech machines manufactured by the Indian firm throughout Tanzania. This potential partnership holds great promise and would solidify Tanswed's position as a leading provider of high-quality, end-to-end agro-processing services in the region.

"This shareholder loan is a strategic investment that aligns with MTI's mission to support the growth of promising enterprises and contribute to the development of the agricultural industry in Tanzania," said Noah Amri Mwakanyamale, MTI Tanzania Investment Director. "We are excited to see Tanswed enhance its capabilities and explore new opportunities in the agri-tech sector through this collaboration."

Tanswed CEO Michael Mrosso discusses the demand for rice in Tanzania in a brief interview video produced by MTI Investment, available using this link, related to this investment and the prior rice-milling operations. He states,: "The Tanzanian rice does not only feed Tanzania, we are feeding D.R. Congo, we are feeding Rwanda, we are feeding Uganda, we are feeding Kenya. So everyone, our neighbors, is expecting to eat Tanzanian rice. Investing in the rice business in Tanzania, for the moment, is something to do. Because our neighbors do not grow rice. We are the ones, the biggest rice growers in eastern and central Africa. "