Dodoma. Tanzania Agricultural Development Bank (TADB) has recorded rapid financial growth over the past four years, with customer deposits rising from Sh362.8 billion in 2021 to Sh1.3 trillion in 2025.
This underscores the bank’s expanding role in financing agriculture and allied sectors.
The figures were disclosed by TADB Chief Executive Officer, Frank Nyabundege, while presenting the bank’s financial performance and medium-term strategy for 2025–2030 to the Minister of Finance, Mr Khamis Mussa Omar.
Presenting the report Mr Nyabundege said the growth reflected improved operational efficiency and increased confidence among stakeholders.
He noted that, on the back of this performance, the bank has disbursed loans worth more than Sh1.3 trillion since its establishment in 2015, benefiting over 1.9 million farmers, livestock keepers and fishers across the country.
Receiving the report, Mr Omar commended TADB for its sound management, strong balance sheet and tangible contribution to inclusive and sustainable development.
He said the bank’s performance demonstrated its growing impact on transforming the agriculture, livestock, fisheries and agro-processing industries, particularly through investments that support value addition.
The minister advised the bank to align its plans and strategies towards the development of higher-value food and cash crops with strong international market demand, in order to enhance returns to farmers and deepen the contribution of agriculture, livestock, fisheries and forestry-related activities, including beekeeping, to the national economy.
He also pledged continued close collaboration between the ministry of Finance and TADB in implementing the bank’s medium-term strategy to raise productivity and efficiency in the agricultural sector.
Mr Nyabundege expressed appreciation to the government, through the ministry of Finance, for capital support that has enabled the bank to meet its mandate, citing it as evidence of strong political will and commitment by the government to grow the agriculture, livestock and fisheries sectors.
He further appealed for continued capitalisation through the central government budget and sovereign guarantees, which would allow TADB to access international financing markets and expand lending to farmers.
The meeting was also attended by the Deputy Minister for Finance, Mr Mshamu Ally Munde, alongside senior officials from the Ministry of Finance and the Tanzania Agricultural Development Bank.
