AfDB Pledges 26 million US dollare to TZ for climate change projects
ANTALYA, Türkiye: THE African Development Bank (AfDB) has pledged 26 million US dollars to Tanzania to finance various projects aimed at addressing climate change and strengthening communities’ resilience to its impacts.
The commitment was announced during a bilateral meeting between the bank and the government of Tanzania held in Antalya, Türkiye, where Minister of State, Vice President’s Office for Environment and Union Affairs, Hamad Masauni thanked AfDB for responding promptly to President Samia Suluhu Hassan’s call for financial institutions to increase investment in climate change interventions.
President Samia made the call while addressing the Antalya Leaders’ Summit, urging financial institutions to facilitate access to funding, equipment and technology to accelerate effective climate action and promote sustainable development.
Masauni said AfDB had remained an important development partner in financing Tanzania’s strategic climate change initiatives, citing the 9.4 million US dollar Mkondoa River Water Sources Resilience Project.
The project aims to protect and improve water sources serving Gairo, Kilosa and Mvomero districts while reducing the impacts of recurring floods and droughts.
He further noted that the bank had provided 400,000 US dollars through its climate change project implementation financing window, alongside 15 million US dollars channelled through the National Environment Management Council (NEMC) to strengthen the resilience of coastal areas.
Beyond financial support, Masauni said AfDB had continued providing technical expertise and advisory services to Tanzania in developing the carbon trading sector.
He said the support was expected to expand green investment opportunities and ensure that the country’s environmental resources contribute to economic and social development.
Masauni reaffirmed the government’s commitment to strengthening its partnership with AfDB, noting that continued cooperation was essential in building national resilience, protecting environmental resources and ensuring sustainable development benefits Tanzanians.
He said access to finance, technology and technical expertise remained critical pillars in building a climate-resilient Tanzania and a sustainable economy for present and future generations.
