CRDB Tanzania inks million dollar partnerships

• CRDB Tanzania and FinDev Canada have signed a US$60 Million investment to increase access to finance for Women and Youth entrepreneurs across the region.
• The partnership also gives priority to climate adaptation projects that back businesses which lead the way in green innovation and becoming more resilient in the face of environmental challenges.

CRDB Tanzania closes mega-size million dollar agreements with world top banks. The signings, which took place on the fringe of the World Bank / International Monetary Fund (IMF) Annual Meetings in Washington D.C., opens another chapter of CRDB Bank’s focus to propel inclusive and sustainable economic growth for communities of Tanzania, Burundi and Democratic Republic of Congo (DRC).

This milestone cements CRDB Bank’s role as a driver of development in East and Central Africa-hundreds of entrepreneurs, MSMSEs, and clean investment promoters will be empowered.

CRDB Tanzania strategic partnerships overview at IMF and World Bank Meetings

At Investors and Partners Forum, the CRDB bank’s flagship engagement platform, we signed three transformative pacts with global financial giants. These collaborations work to open up new prospects in entrepreneurship, job creation and sustainable housing throughout the region.

FinDev Canada: Financing the Entrepreneurs and Climate Initiatives

CRDB Bank and FinDev Canada signed a USD 60 Million investment to increase access to finance for Women and Youth entrepreneurs. The partnership also gives priority to climate adaptation projects that back businesses which lead the way in green innovation and becoming more resilient in the face of environmental challenges.

This partnership is part of the larger initiative to expound on the conversation started around gender parity, environmental sustainability and ensures that small businesses, particularly those led by women; flourish in a friendly environment.

DEG: Strengthening SMEs and Employment Opportunities for Young People

A US$50 Million Loan Agreement with DEG – Deutsche Investitions und Entwicklungsgesellschaft mbH will further strengthen CRDB’s contribution to SMEs (Small and Medium Enterprises) growth. This collaboration targets at increasing youth employment, improving the performance of small businesses and promoting local innovation.

By providing access to credit and technical assistance, CRDB and DEG are helping SMEs to drive inclusive growth within Tanzania and beyond.

SADBU / Shelter Afrique: Funding affordable housing in the DRC

To handle the housing lag in DRC, CRDB Bank has sealed a USD 10million package with Shelter Afrique Development Bank. The capital will be used to fund low cost housing projects which will help the development of cities, as well as improve living standards in Congolese communities.

This program not only creates safe and affordable housing but also creates construction jobs in the sector as well and builds economic resiliency.

CRDB Tanzania investment scale, commitments in excess of $100 million USD (TZS 300 billion)

These facilities combined amount to more than TZS 300 billion in funding, and is one of the biggest-ever international cooperation CRDB Bank has secured. The investments will substantially increase the bank’s ability to lend to priority sectors, support sustainability and deliver social impact in its regions.

CRDB Tanzania regional development impact and role

Growing footprint in Tanzania, Burundi and the DRC

CRDB is also committed to increasing its market share in the region through a regional expansion programme targeting Tanzania, Burundi and DRC. The collaborations indicate CRDB’s expanding power as a regional financial giant geared towards promoting trade, innovation and inclusivity.

Catalyzing sustainable private sector development

With these partners, CRDB is looking to help drive economic growth through the private sector, as per African countries’ development aspirations. Using international finance as a tool, CRDB is enabling local entrepreneurs to tap into global funding and update their business practices.

Investors and Partners Forum insights for CRDB Tanzania

A discussion platform on private sector led growth

The CRDB Bank utilized this platform to exhibit its efforts and link with like-minded development partners in its quest for inclusive economic development.

Key guests and stakeholder engagements

The occasion was attended by high-ranking government representatives and diplomats in Tanzania, Burundi as well as the DRC including Dr. Natu El-maamry Mwamba Permanent Secretary Ministry of Finance from the Republic of Tanzania who also served as Guest of Honour. Their attendance served to emphasise the importance of CRDB in regional development interactions.

CRDB Tanzania driving inclusive and sustainable development

Promoting women and youth entrepreneurship

By partnering with FinDev Canada and DEG, CRDB will further increase access to finance for women and youth – who are frequently underserved in the financial industry. These investments give marginalized entrepreneurs winning scores that strengthen and sustain businesses, grow jobs, and lift up communities.

Advancing green and climate-resilient financing

CRDB is a leader in green financing in East Africa, where investments are directed to renewable energy, sustainable agriculture and climate adaptation programmes. This concentration enhances resilience to climate change and makes CRDB a major player in Africa’s sustainable finance campaign.

CRDB Tanzania at 30, reflecting on legacy and progress

From leader of the nation to regional superpower

As we turn 30, we look back at a journey that is anchored on trust, innovation and inclusive banking. CRDB started in Tanzania and subsequently grown to become a multiregional financial powerhouse driving social-economic development across the region.

Pledging to its innovation and inclusive preface

Through a strong focus on digitalisation and social impact, CRDB has expanded its product portfolio to include innovative financial solutions that cater for both urban and rural communities.

 

Strategic significance of CRDB Tanzania collaborations

These deals are about much more than money; they’re a vision for Africa’s economic future. Through partnerships with international credit providers such as FinDev Canada, DEG and Shelter Afrique, CRDB is facilitating regional integration and transforming East Africa into an emerging investment hub.

CRDB Tanzania vision for Africa’s financial future

NPLs CRDB’s vision is that of a bank with regional representation, digitally enabled and other sustainable development. Partnerships with international partners making a good headway and the turn out has been based on transparency & good governance dedication in development.

Frequently Asked Questions, CRDB Tanzania partnerships

How much are CRDB’s new partnerships worth?

The deals amount to more than TZS 300 billion with financing from FinDev Canada, DEG, and ShelterAfrique Development Bank combined.

What does the FinDev Canada partnership stand to support?

70- For support to small business and management: It will grant USD 60 million to give entrepreneurs, notably women and young people, opportunities and finance climate adaptation projects.

What does DEG’s investment enable you to do?

The USD 50 million investment from DEG will work to support SMEs and generate current and new employment opportunities for youth in the area.

What is Shelter Afrique bringing to this partnership?

Shelter Afrique makes US $ 10 million funding commitment to support affordable housing in DRC.

Why It Matters for CRDB Bank?

It represents a significant milestone on CRDB’s 30-year evolution and further cements its leadership position in inclusive sustainable development throughout Africa.

Which countries will be the beneficiaries of these partnerships?

The investments are aimed at Tanzania, Burundi and the DRC.