DAR ES SALAAM, Aug. 13 -- TANZANIA Insurance Regulatory Authority (TIRA) and CRDB Bank have joined efforts to strengthen the agriculture sectors growth prospects by signing a collaborative agreement.

This deal is significant for the agriculture sector and the broader economy as it enhances access to essential financial and risk management services.

Principally, the two entities agreed to finalise agricultural insurance regulations and enhance the capacity of professionals managing agricultural insurance.

By joining efforts, TIRA and CRDB Bank aim to provide farmers and agribusinesses with improved insurance coverage and financing options, helping to mitigate risks from climate change and market volatility.

Strengthening the agricultur...