This Tanzania Entrepreneur Is Helping Alleviate Poverty, Meet Fahad Awadh, Founder Of YYTZ Agro-Processing

This Tanzania Entrepreneur Is Helping Alleviate Poverty, Meet
Fahad Awadh, Founder Of YYTZ Agro-Processing

This Tanzania 🇹🇿 entrepreneur is helping alleviate poverty whilst enabling young Africans to add value and create finished products in rural Tanzania.

Fahad Awadh is the founder of YYTZ Agro-Processing , a full-service cashew processing company dedicated to producing cashew nuts by selecting raw cashews from Tanzania and operating modern equipment for processing.

Tanzania is the fourth largest producer of cashews in the world, but 90% of the crop is exported in raw form.

This realisation presented Awadh with an opportunity; to keep cashew production in Africa, package and market the finished goods himself and then sell to some of the world’s biggest consumer markets.

The Cashew crop was first introduced by the Portuguese in the 1500s, from the cashew tree’s native habitat of northeastern Brazil and southeastern Venezuela.

To help get the business off the ground, Awadh’s father, a retired airline pilot, financially backed his son. The two pooled their resources to finance some of the $300,000 needed to renovate a production facility.

In 2016, YYTZ increased its capital with a $500,000 grant awarded to it from the Africa Enterprise Challenge Fund.

In 2018, Fahad was named one of the 100 Most Influential People of African Descent.

Fahad was also named by Forbes’ as one of the 30 Most Promising Young Entrepreneurs in Africa for 2017 & 2018.

The vision of YYTZ Agro-Processing is to be the best cashew exporter and create the best value for Tanzania by showing Africa can produce great finished products by innovating.

Source: Charles Ayitey

Email: elora.akpotosevbe@yahoo.com