Wet Cocoa Black Market, The Hindrance In Raising External Finance To Smallholder Cocoa Farmers In Tanzania
Buyers and financial institutions play major roles in financing agriculture because of their direct involvements in the sector. Cocoa farmers in Tanzania had failed to benefit from these players in bridging their financial gaps. The side-selling of wet cocoa through black markets was found to be the major constrain.
Despite the government’s effort to get rid of Njemkes, wet cocoa black market was still high which accounted for 19.83% of all cocoa traded in the district. Side selling of wet cocoa was reported by farmers to be the major cause of poor cocoa stock management. The situation threatened 70% of financiers to avoid extending credits to cocoa businesses. The business that involvesDownloadViews: 227