ANTALYA, Nov. 12 -- TANZANIA has unlocked more than 300m US dollars in private financing for the agricultural sector through a credit guarantee scheme, strengthening access to finance for smallholder farmers and agribusinesses.

The financing has been mobilised through the Smallholder Credit Guarantee Scheme (SCGS), managed by the Tanzania Agricultural Development Bank (TADB), whose core capital stands at about 50m US dollars.

Speaking during a COP31 side event at the Tanzania Pavilion, organised by the Government through the Ministry of Agriculture in collaboration with CARE International, TADB Managing Director Frank Nyabundege said the scheme had, over eight years, enabled 22 partner financial institutions to extend financing to more ...