$50 Million Funding Agreement Established to Empower Women-Led Businesses in Tanzania

Posted in

August 12, 2025

Million Funding Agreement Established to Empower Women-Led Businesses in Tanzania

DEG, the German development finance institution, has announced a $50 million (€43 million) loan to Tanzania’s Cooperative Rural Development Bank (CRBD), backed by a guarantee from the European Fund for Sustainable Development Plus (EFSD+). This initiative aims to bolster funding for small businesses, particularly those owned by women and young adults, aligning with several UN Sustainable Development Goals. CRBD’s CEO, Abdulmajid Nsekela, emphasized the importance of empowering these groups as a strategic investment in the region’s future. With small businesses employing over five million people in Tanzania, this funding seeks to address their access to formal financing, thereby fostering economic resilience and growth.

Original source:

https://impact-investor.com/deg-signs-50m-funding-agreement-to-support-women-led-tanzanian-businesses/

$50 Million Funding Agreement Established to Empower Women-Led Businesses in Tanzania

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