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| TADB Managing Director, Frank Nyabundege. |
DAR ES SALAAM – The Tanzania Agricultural Development Bank (TADB) has recorded a remarkable milestone by tripling its balance sheet within four years—from 362 billion shillings in 2021 to 1.13 trillion shillings as of June 2025. This growth cements TADB’s emergence as a key player in Tanzania’s agricultural finance landscape.
TADB Managing Director Frank Nyabundege attributed the success to the government’s strategic push to make agriculture a central pillar of the economy. He emphasized that this growth is more than a financial statistic:
“This kind of growth is not just about numbers… it means more farmers financed, more crops harvested, and a stronger economy driven by inclusive agricultural investment,” Nyabundege said.
Empowering Agriculture Through Finance
Established in 2015, TADB’s mandate has always been to provide affordable credit to the agricultural sector. Since inception, the bank has disbursed over 1.1 trillion shillings in loans, with annual lending climbing from an average of 21 billion five years ago to 106 billion shillings by 2025.
This expansion is powered by TADB’s Development Finance Window and the Agricultural Credit Guarantee Scheme, which enables collaboration with commercial banks to increase access to finance for farmers, cooperatives, and agribusinesses.
“Agriculture was once labelled too risky. Today, we are helping to de-risk the sector,” said Nyabundege.
Tangible Impact on the Ground
The financing has had real impact:
- Rice productivity in supported regions has surged from 10 bags per acre to 35–40 bags.
- In the cashew sector, output has grown from 52,000 metric tonnes to over 55,000 metric tonnes, bolstered by joint efforts with the government’s input subsidy program.
Nyabundege also acknowledged the vital support from the Bank of Tanzania and international development partners in promoting policies that support long-term agricultural investment.
“As we pass the 1 trillion mark, our focus is not just growth—it’s impact,” he stated.
Future Outlook: Youth, Women, and Green Agriculture
Looking ahead, TADB is gearing up to launch new financing tools aimed at youth, women, and green agriculture. The bank is also investing in digital platforms to improve transparency and simplify loan access across the country.
“We see ourselves not just as a lender, but as an architect of agricultural transformation in Tanzania,” Nyabundege said.
Celebrating 10 Years of Growth at Nane Nane
As TADB marks its 10-year anniversary this August, the milestone will coincide with Tanzania’s annual Nane Nane agricultural exhibition. The bank plans to use the platform to showcase its decade-long journey and unveil its future strategic goals.
Follow the Kitomari Banking & Finance Blog for more updates on Tanzania’s banking, finance, and economic transformation stories.
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