CRDB Bank Foundation in partnership with the German Development Agency (GIZ) has launched a funding window worth over TZS 1 billion to support youth and women in establishing and expanding environmentally friendly businesses in Tanzania.
The initiative is part of a broader program amounting to more than TZS 3 billion aimed at fostering sustainable enterprises led by young people and women.
It seeks to provide access to capital, business management training, and financial education to strengthen green entrepreneurship across the country.
CRDB Bank Foundation Managing Director, Tully Esther Mwambapa, said the collaboration focuses on empowering women and youth with skills and resources to create sustainable businesses and generate employment.
Acting Project Leader at GIZ, Dennis Mbangulla, noted that many entrepreneurs face challenges such as lack of capital and modern business knowledge.
He emphasized that this partnership will enable beneficiaries to access both professional support and funding to advance their enterprises.
In addition, CRDB Bank Foundation has entered into a new partnership with MazaoHub AgriClimate Limited to support farmers in adopting modern, climate-friendly agricultural practices.
The agreement, signed by MazaoHub AgriClimate CEO Geophrey Tenganamba and CRDB Bank Foundation Managing Director Tully Esther Mwambapa, includes providing farmers with financial services, modern farming techniques, and innovative digital technologies to improve decision-making and productivity.
The collaboration aims to strengthen sustainable agriculture by promoting environmentally friendly practices and increasing yields, ensuring benefits for both current and future generations.
Green Entrepreneurship and Agriculture in Tanzania
Tanzania has seen growing interest in green entrepreneurship as part of efforts to achieve sustainable economic development and address environmental challenges.
The government and development partners are increasingly supporting initiatives that integrate environmental protection with business growth.
Agriculture, which accounts for about 26% of Tanzania’s GDP and employs the majority of the population, is a central focus of these efforts.
Supporting youth and women entrepreneurs, along with smallholder farmers, is key to driving sustainable growth, creating jobs, and ensuring food security.
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