Cashews are a major export crop for Tanzania and a significant source of income for many small farmers.
Fahad Awadh, an ambitious 29-year old entrepreneur from Tanzania, recently moved back home from Canada to set up a cashew processing facility in Tanzania in an effort to bring international standards and trace-ability to the cashew nuts. He is the founder of YYTZ Agro-Processing, a cashew processing company that is adding value locally while creating jobs and boosting the income of farmers and the community as a whole. The company’s flagship processing facility in Zanzibar has an installed capacity of 2,500 Tons per year.
YYTZ Agro-Processing recently raised a $500,000 investment from the Africa Enterprise Challenge Fund to establish another processing facility in Mtwara, southeastern Tanzania.
What’s your educational and professional background?
I am a young Tanzanian entrepreneur. Growing up, I attended St. Christopher’s, a private British school in Bahrain, where we lived for 8 years. We later moved to Canada when I was 10. There, I was accepted to an International Business and Technology program at the age of 11. It was a foundation experience that instilled and nurtured in me an entrepreneurial spirit. I started learning about Accounting, Business Marketing and Entrepreneurial studies from a young age. By the age of 12 I had created a business with a product and was selling at the District School Board.