TADB to support Tanzania’s soybean value-chain with financial backing from Clinton Development Initiative

TANZANIA – Tanzania Agricultural Development Bank (TADB), has entered into a strategic partnership with the Clinton Development Initiative (CDI), an initiative of the Clinton Foundation, that will allow the agri-bank to disburse up-to US$500,000 (TZS 1.15 billion) to unlock the soybean value-chain in Iringa Region, Tanzania. According to the Memorandum of Understanding (MoU) signed between the two parties, the partnership aims at enhancing financial accessibility to 29 Agriculture Marketing Cooperatives (AMCOs). The cooperatives will in turn impact 2,900 CDI supported farmers engaged in the production and marketing of soybeans, for…

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TADB partner with AGF to support agribusiness enterprises in Tanzania with US$20m financing

TANZANIA – Tanzania Agricultural Development Bank (TADB) has signed a Memorandum of Understanding with African Guarantee Fund for Small and Medium-sized Enterprises (AGF), that will allow the state-owned development financial institution to disburse up-to US$20 million worth of loans to agribusinesses in Tanzania. According to ACF, the partnership has come at the right time, as it is in line with the recently launched Five Year Development Plan 3 (FYDPIII) which aims at: increasing the country’s capacity for production; building a competitive economy that will stimulate the country’s participation in trade…

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