Tanzania - Tanzania Agricultural Development Bank


Project Summary

Approval Date 13 Dec 2016
Signature Date 19 Dec 2016
Planned Completion Date 31 Jan 2020
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31110
Commitment U.A 67,270,000
Status Implementation

Project General Description

The Tanzania Agricultural Development Bank (TADB) Support Project is a technical assistance operation of the African Development Bank Group amounting to UA 67.27 million (equivalent to US$ 93.51 million) to the United Republic of Tanzania. TADB is a new state-owned bank dedicated to agricultural development to stimulate growth in this sector, which has long been plagued by low productivity and lack of funding. Through this technical assistance project, TADB will help modernize the agricultural sector by improving productivity and providing farmers with short, medium and long-term financing. The project interventions are articulated around the following components: (i) process and System Improvements; (ii) information Technology; and (iii) building Staff Capacity.

Project Objectives

The main objective of this project is to contribute to the development of the agricultural sector in Tanzania. In addition, a technical assistance program is planned to strengthen the operations of the Tanzania Agricultural Development Bank.

Beneficiaries

The main beneficiary of the project is the Tanzania Agricultural Development Bank and the farmers.

Participating Organization

Funding
African Development Fund
Implementing
Tanzania Agricultural Development Bank

Information

IATI identifier 46002-P-TZ-AA0-025
Last Update 28 Oct 2020

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Contact Details

Name KYOKUNDA Grace
Email g.kyokunda@afdb.org

Geographic Location

Country Tanzania, United Republic of