TADB disburses 1.5tri/- in loan to finance agricultural projects in Tanzania
DODOMA: THE Tanzania Agricultural Development Bank (TADB) has disbursed loans worth 1.55 tri/- to finance 862 projects in the agricultural sector and related activities across the country.
Of the amount, 1.32 tri/-, equivalent to 84 per cent of the total loans, has been channelled to projects that directly benefit 2.6 million Tanzanians across all 31 regions of the country.
The financing has supported investments in crop production, livestock and fisheries, as well as the construction and improvement of irrigation systems, warehouses, storage facilities and agro-processing industries.
According to TADB, the investments have contributed to increased production, value addition and improved access to markets for farmers and other actors across the agricultural value chain.
TADB Managing Director, Frank Nyabundege, made the remarks in the presence of President Samia Suluhu Hassan during the closing ceremony of the 2026 Nanenane agricultural exhibitions.
Nyabundege said that during the Sixth Phase Government, TADB had continued to translate into action the government’s commitment to making agriculture a key driver of economic development.
He said the bank had invested 611.8 billion/- in food crops alone, while strategic crops and sectors, including edible oils, coffee, cashew nuts, sugar and cotton, had received a combined investment of 884.24 billion/-.
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“These investments are driving transformation along the agricultural value chain by turning crops into value-added products, products into employment opportunities and employment into improved livelihoods for Tanzanians,” he said.
Nyabundege said that as the country continued implementing the National Development Vision 2050, under which the private sector is expected to account for about 70 per cent of its implementation, TADB was well positioned to further stimulate investment in agriculture.
He said the bank would continue providing loans and credit guarantees to expand access to finance for investors and other stakeholders in the agricultural sector.
According to him, the objective is to accelerate the transformation of agriculture from subsistence farming to productive and commercially oriented agriculture driven by technology, value addition and stronger market linkages.
He said the approach was part of broader efforts to strengthen agriculture as a driver of economic growth, employment and income generation, while developing productive and competitive agricultural value chains.
The initiatives are also expected to enhance the capacity of farmers and agribusinesses to participate more effectively in domestic and international markets, thereby contributing to sustainable economic transformation.
