M a r k e t N e w s

Tanzania is implementing a climate change adaptation financing programme funded by GCF and CRDB Bank

Posted on : Wednesday , 27th July 2022

In order to launch a finance programme for smallholder farmers in Tanzania who need to adapt to climate change, the Green Climate Fund (GCF) has inked an agreement with the Tanzanian commercial bank CRDB Bank.

 

Tanzanian smallholder farmers will receive assistance in adjusting to the effects of climate change. The Green Climate Fund (GCF) and CRDB Bank, a commercial bank authorised by the Central Bank of Tanzania and listed on the Dar es Salaam Stock Exchange, will collaborate on a programme to accomplish this.

 

The two financial institutions inked a contract to carry out the Tanzania Climate Adaptation Technology Deployment Program (TACATDP) on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM), which was concluded in Kigali, Rwanda. The purpose of this effort is to increase smallholder farmers' and agribusinesses' resiliency to climate change.

 

According to the GCF, "Smallholder farmers are estimated to own 90% of Tanzania's agricultural land, and 98 percent of economically active rural Tanzanian women are employed in agriculture, rendering these groups particularly vulnerable to climate change."

 

The recently concluded agreement with CRDB Bank provides the GCF with the legal justification to transfer its co-investment of $100 million in this $200 million programme to CRDB. The commercial bank will promote new financial solutions under the TACATDP that help farmers adapt to the changing climate.

 

This credit line is specifically for methods and technologies for climate adaption. A credit guarantee facility and a weather-indexed insurance product will be offered in conjunction with this instrument to increase accessibility to new borrowers and help farmers guard against weather-related losses. "With the help of this initiative, which will change the nation's climate finance procedures to better support accessible climate adaption technology in the agricultural sector, over 6.1 million direct and indirect beneficiaries are expected to benefit. According to Abdulmajid Mussa Nsekela, CEO of CRDB Bank, "this would ultimately increase food security and build the resilience of smallholder farmers, enhancing the livelihoods and quality of life of our residents."

 

He claims that the $100 million Green Climate Fund grant will also provide technical assistance to encourage agribusinesses in comprehending best practises for climate-resilient agriculture and to support government institutions in integrating climate risks into national planning.

Source : www.afrinews.co.ke
-->
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • PRODAL 94 SRL
  • ME GUSTA

Complete List  

Advertisers in previous issue:

  • Delta Food produces tomato paste and milk powder in different packaging and in different concentration.
  • The company was established since 1976Group of Companies, one of Ghazi and OlayanThe company is located in the schwing and this region is very rich in fruit trees of all varieties because of its mild climate
  • Ulker Group started its adventure with 75 tons of biscuit production in its first year, 64 years ago.
  • Manufacturer of prepared ethnic food and frozen seafood located in Sg. Besar, the western coastline of Selangor.
  • Immediately following WWII, Pan American World Airways had a vision of mass civilian international business and leisure air travel and so began trailblazing its way across the skies of the Americas, Europe, Africa, Asia and the Middle East. Thus came
  • This journal goes to producers, buyers, traders and carriers dealing with the food industry products from Ukraine, and neighbor and foreign countries.
  • OASIS is a subsidiary of OASIS International. The OASIS brand is the recognized worldwide leader in the design and manufacture of bottled and pressure water coolers.
  • Bag Snacks registered since 1987 a constant growth, managing to position itself in Italy just below the major leaders of the sector.
  • Ideo Tecnica, a company specialized in machinery for the confectionery industry and especially chocolate
  • VAPA Burners established in 1960, is the pioneer in manufacturing gas fired infrared burners in Lebanon.
  • AgriTech Analytic
  • Wide Range of Kitchen Equipments.
  • Supermarket Shelving,Freezers,Chillers;Trolleys;Weiching Scales;Cash Registers Labelling Machines;etc.
  • The company started in 1987 and is today one of the largest privately owned companies supplying containers for a multitude of applications.
  • Manufacturing of ice cream cones, sugar cones. Soft serve ice cream powder mix.
  • We Can Help You Find the Right customers for our Equipment, chemicals, ingredients, Packaging 7 Services in Africa.
  • International Exhibition on Food Products, Processing & packaging Machineries and Allied Industries.
  • El-Eman company provides a new source of specialized products of the highest standard of quality.
  • Afronutri Ltd is an intermediary supplier of end consumer baby food products selling directly to retails and wholesalers as well as hospitals and pharmacies.
  • Wide Range of Food Products.
  • Magazine
  • KAP CONES , having built up an unrivalled reputation for exceptional quality, performance & service in printing industry for last over four decades, diversified into producing cone sleeves with auto rolling mechanism for ice cream cones requirement
  • Manufactures & Suppliers of all Hotel,Restaurant & Bakeries Equipment.
  • MAYORA Group has grown to become one of the recognized names in the Fast Moving Consumer Goods Industry.
  • The Gulf Union Foods Company is one of the key national companies that have a clear contribution to the food manufacturing sector, especially juices and beverages.

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Terms |  Follow us on : Facebook
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade