Tanzania's new innovation fund sparks hope for young innovators

Minister for Education, Science and Technology, Prof Adolf Mkenda. PHOTO | FILE

Dar es Salaam. Tanzanian innovators, researchers, and scientists, long hindered by a lack of funding, now can see a glimmer of hope, thanks to the government’s new funding initiative.

The ministry of Education, Science and Technology, has announced on November 7, 2024, that before the end of this year the government will launch a Sh2.3 billion loan fund designed to boost innovation and technology projects from young Tanzanians.