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GRANT AWARDUpdated 4 days ago

Naki Group Limited: Naki Sunflower Oil Processing

United States African Development Foundation awarded a grant of USD 249,963 to Naki Group Limited for work in Tanzania, dated 22 July 2024.

Into French, Portuguese or Arabic, machine translated, with the original kept beside it.
Key Information
Awarded by
United States African Development Foundation
Location
Tanzania
Status
Awarded
Category
Grant
Award Amount
USD 249,963
Reference
US-GOV-13-6473
Procurement Method
Grant
Language
English
Awarded to
Naki Group Limited
Decision Date
Jul 22, 2024
Contract Start
Oct 1, 2023
Contract End
Jun 30, 2027

Overview

Sector: Agri-processing of sunflower into edible oil.Beneficiaries; More than 2,000 people will be impacted directly and indirectly of which more than 1,000 will be women and youths..Description: The OAG grant will enhance the capacity of the farmers to increase sunflower production and productivity through accepatble agreicultural practices that take into account the climatic conditions. Famers will habve access to timely availability of agro-inputs and an assured market for their sunflower seed. Naki will enhance its financial management and control, enhance its capacity to keep and computerize records keeping and produce audited financial statements to measure business performance and meet statutory tax requirements.

Source: United States African Development Foundation, IATI activity data via the IATI Bulk Data Service, published under Creative Commons CCZero (cc-zero, as registered on the IATI Registry) (https://creativecommons.org/publicdomain/zero/1.0/). Read from https://bulk-data.iatistandard.org/usadf/usadf-tanzania.xml. Reshaped by All Business Africa into this record; amounts and currency are as the funder states them.

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