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African Development Bank Group (AfDB)

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    • The African Development Bank's line of credit to Bank of Africa Tanzania Limited will facilitate the import of pharmaceuticals, solar panels, agricultural machinery and fertilizers, as shown here
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Source: African Development Bank Group (AfDB) |

Tanzania: African Development Bank unveils Trade Finance Transaction Guarantee Facility to Bank of Africa Tanzania Limited

The facility will also support intra-Africa trade, thus directly contributing to the successful implementation of the African Continental Free Trade Area (AfCFTA) agenda

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a trade finance transaction guarantee facility to Bank of Africa Tanzania Limited (BOAT) to support Tanzania’s Financial Sector. Leveraging BOAT’s strategic footprint in the East African nation, this instrument will provide support to small and medium sized…

African Development Bank Group (AfDB)

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    • The Bank's support will enable 651 kilometers of rail to be laid between Tanzania and Burundi, promoting cross border travel and regional integration
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Source: African Development Bank Group (AfDB) |

African Development Bank approves $696.41 million of financing for Burundi and Tanzania to build 650 kilometers of rail infrastructure to develop the Central Corridor network

The Bank Group will provide $98.62 million to Burundi in the form of grants and $597.79 million to Tanzania in the form of loans and guarantees

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved various financing structures valued at $696.41 million for Burundi and Tanzania to start Phase II of the Joint Tanzania-Burundi-DR Congo Standard Gauge Railway (SGR) Project. The Bank Group's financing is intended to construct 651 kilometers on the…

African Development Bank Group (AfDB)

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    • African Development Bank support will give to agricultural sector and value chain entrepreneurs greater access to the financial and non-financial services of the Tanzanian Agricultural Development Bank (TADB)
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Source: African Development Bank Group (AfDB) |

African Development Bank approves $66 million loan for equity enhancement of Tanzania Agricultural Development Bank

The financing will enable TADB to strengthen its capital and enhance the structure and effectiveness of financial and non-financial services it offers to entrepreneurs in the agriculture and related value chains

The African Development Bank Group’s (www.AfDB.org) Board of Directors has approved a $66 million loan to the government of Tanzania for additional equity in Tanzania Agricultural Development Bank (TADB). The financing will enable TADB to strengthen its capital and enhance the structure and effectiveness of financial and non-financial services it…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP28): African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) grants $1.8 million to boost entrepreneurship skills for thousands of women in partnership with Export Trading Group

The project aims to impact up to 3,600 women and women-led or owned businesses by placing them in Export Trading Group’s global supply chain over four years

The African Development Bank Group’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) and Export Trading Group have signed a technical assistance agreement of $1.8 million to strengthen women’s skills in entrepreneurship in four countries. Leadership from both organizations took part in a signing ceremony held Tuesday December 5th…

African Development Bank Group (AfDB)

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    • Mid-term implementation of the African Development Bank’s Country Strategy Paper 2021-2025 for Tanzania shows a significant improvement in access to drinking water and the state of the country’s road
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Source: African Development Bank Group (AfDB) |

Tanzania: Bank operations produce results beyond expectations, according to the Tanzania Country Strategy Paper 2021-2025 mid-term review

The African Development Bank Group’s active portfolio in Tanzania comprised 25 operations, with a total value of USD 2.75 billion

The African Development Bank’s (www.AfDB.org) Country Strategy Paper (CSP) for Tanzania has been implemented over the last two years with the programmed operations during the period producing results that exceed expectations, according to the mid-term review of the CSP 2021-2025 (https://apo-opa.co/3sFaSLg) published on 9 November. The rate of access to…

African Development Bank Group (AfDB)

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    • Participants at a recent EAC Donor Roundtable in Arusha, Tanzania
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Source: African Development Bank Group (AfDB) |

African Development Bank launches capacity building initiative to enhance trade in East Africa

The bank’s trade facilitation programs are designed to reduce barriers to international trade and facilitate both intra-African and external trade

The African Development Bank (www.AfDB.org) is partnering with the East African Community (EAC) Secretariat and the United Nations Conference on Trade and Development to launch a capacity development project to enhance trade in East Africa. The $1.56M EAC Trade Portal Enhancement Project will support digitized trade solutions to reduce trade…

African Development Bank Group (AfDB)

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    • Some 10,000 operators in Tanzania’s horticultural value will receive financial support from the African Development Bank
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Source: African Development Bank Group (AfDB) |

Tanzania: African Development Bank supports small horticultural businesses with $2.5 million grant

The programme aims to increase the production and marketing of horticultural products to mitigate the effects of the Covid-19 pandemic

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. The funds, approved on 19 October 2023, will come from the Global Agriculture & Food Security Program to support mainly food system service providers in…

African Development Bank Group (AfDB)

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    • (Left to Right): Governor of Cabo Delgado Province, Valige Tauabo; Minister of Public Works, Housing and Water Resources, Carlos Mesquita; Mozambican President Filipe Jacinto Nyusi, Cabo Delgado Province Secretary of State António Supeia and Country Manager for Mozambique, Cesar Mba Abogo
    • Mozambican President Filipe Jacinto Nyusi
    • Mozambique: Mozambican president commissions 70 km Negomano-Roma Road enhancing trade between Mozambique and Tanzania (1)
    • Mozambique: Mozambican president commissions 70 km Negomano-Roma Road enhancing trade between Mozambique and Tanzania (2)
    • Mozambique: Mozambican president commissions 70 km Negomano-Roma Road enhancing trade between Mozambique and Tanzania (3)
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Source: African Development Bank Group (AfDB) |

Mozambique: Mozambican president commissions 70 km Negomano-Roma Road enhancing trade between Mozambique and Tanzania

Road to transform lives of millions in Cabo Delgado Province

Mozambican President Filipe Jacinto Nyusi has commissioned a key link road funded by the African Development Bank (www.AfDB.org). Completion of the Negomano-Roma Road, in the country’s northern province, is already enabling communities in the Mueda district of the northern Cabo Delgado region to enjoy improved road conditions, access to health…

African Development Bank Group (AfDB)

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    • President of the United Republic of Tanzania H.E. Samia Suluhu Hassan and Bank Vice President Dr. Beth Dunford, with their respective delegations at Tanzania’s State House in Chamwino, Dodoma.
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Source: African Development Bank Group (AfDB) |

Tanzanian President meets African Development Bank to advance post-Dakar 2 Africa Food Summit agricultural transformation

President Hassan thanked the Bank for organizing the Dakar 2 summit, calling the institution a “dependable partner” for assisting Tanzania with its development goals in agriculture and other sectors

Tanzania’s President Samia Suluhu Hassan held talks with an African Development Bank (www.AfDB.org) delegation led by vice president Beth Dunford to boost the East African country’s agricultural production and food security. The meetings, held on 27 June, covered various development issues, including the Bank’s recognition of Tanzania’s progress in developing…

African Development Bank Group (AfDB)

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    • The African Development Bank is extending $108 million to Tanzania to enhance livelihoods through support to small and medium enterprises, women and youth
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Source: African Development Bank Group (AfDB) |

African Development Bank approves $107.8 million to promote Tanzania’s green and resilient recovery from Covid-19 impacts

The budget support loan will underwrite Tanzania’s Economic Competitiveness and Social Inclusion Programme (ECSIP)

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $107.8 million loan to Tanzania to bolster governance and industrial competitiveness and reinforce social inclusion. The budget support loan will underwrite Tanzania’s Economic Competitiveness and Social Inclusion Programme (ECSIP), an initiative to drive Tanzania’s sustainable recovery from…