CRDB UNVEILS TSHS 460 BILLION FOR AGRI-TRANSFORMATION

Tanzania's High Commissioner to the United Kingdom, Dr. Asha-Rose Migiro (with headscarf), in a group photo with a Tanzania delegation at the COP26 in Glasgow, Scotland yesterday. The entourage comprised of Vice-President's Office (Environment) and CRDB Bank team led by its CEO, Abdulmajid Nsekela (second left) after the Financial Institution was accredited by the UN Green Climate Fund (GCF) as a Financial Intermediary in the implementation of Green Financing.

CRDB Bank has received a 200 Million US Dollars (TShs 460 billion) facility to finance climate resilient agriculture and adapt mitigating technologies from United Nations Green Climate Fund (GCF).

The lender, one of the largest banks in the country said the facility, a first of its kind in the region, consists of a 100 Million US dollars (TShs 230 billion) from GCF targeting more than 6 million beneficiaries in the agriculture sector in the country.

CRDB Bank Group CEO and Managing Director, Abdulmajid Nsekela said the approval of the funding for the programme reinforces the bank's commitment to Sustainable Development Goals (SDG's) Goal No. 13 - Climate Action and validates the lender's efforts to promote sustainable livelihoods.

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