A fertilizer maker helps Tanzania’s subsistence farmers make the most of their land.
The Norwegian fertilizer company has been lauded for seeding a green revolution in Tanzania. The firm played a lead role in the conception of SAGCOT, an ambitious public-private partnership dedicated to revitalizing a 300,000-square-kilometer band of arable but underproductive land—a tract about the size of Italy—and boosting the incomes of the smallholder farmers whose livelihoods depend on it. Yara has leaned into the new market, selling fertilizer, of course, but also offering agricultural training; participating farmers have seen their yields increase tenfold in most cases. The firm, which also built a $20 million fertilizer terminal in Dar es Salaam, Tanzania’s largest city, is growing with them; it now commands close to a 50% market share in the country.
|Revenues ($M) (Last Fiscal Year)||$11,347|
|Profits ($M) (Last Fiscal Year)||$758|
|Market Value ($M)||$10,842|