Dar es Salaam. The government’s investment in the Tanzania Agricultural Development Bank (TADB), channelled through the Office of Treasury Registrar, has continued to yield strong returns, with the bank’s dividend for the year ending December 2024 surging by 556 percent compared to the previous year.
The announcement was made during the bank’s Annual General Meeting held on Thursday, April 17, 2025, where it was revealed that the dividend rose from Sh850 million in 2023 to Sh5.583 billion in 2024.
Speaking shortly after receiving the dividend in Dar es Salaam, the representative of the Treasury Registrar, Mr Mohamed Nyasama, attributed the sharp increase to the Government’s successful investment in the bank.
He commended the TADB Board of Directors and staff for their diligent execution of the bank’s mandate, which he said had strengthened access to financial services across both Mainland Tanzania and Zanzibar.
“This is a success story worth celebrating. The bank has performed exceptionally well in both financial and investment indicators,” said Mr Nyasama, who also serves as Director of Planning, Research and Development in the Treasury Registrar’s Office — TADB’s sole shareholder.
He added that the ratio of non-performing loans had dropped from 3.7 percent in 2023 to 2.7 percent in 2024, signalling improved credit risk management.
For his part, TADB’s managing director, Mr Frank Nyabundege, said the bank’s pre-tax profit rose by 31 percent, from Sh18.8 billion in 2023 to Sh24.7 billion in 2024.
He attributed the growth to the expansion of lending activities along the agricultural, livestock and fisheries value chains.
Mr Nyabundege said total loans disbursed increased from Sh331 billion in 2023 to Sh534 billion in 2024 — a jump of over 61 percent.
“These achievements have largely been enabled by government support, particularly under the Sixth Phase Government led by the President of the United Republic of Tanzania, Dr Samia Suluhu Hassan.
“Since assuming office in 2021, Her Excellency the President has demonstrated strong political will to empower TADB, recognising the importance of agriculture as a sector that employs over 67 percent of Tanzanians,” he said.
According to Mr Nyabundege, the government injected Sh208 billion in capital in 2021 and an additional Sh174 billion in 2024, bringing the bank’s capital base from Sh60 billion to Sh442 billion.
This infusion has significantly boosted the bank’s capacity, with total assets rising from Sh607 billion in 2023 to Sh917 billion in 2024 — a 51 percent increase.
Meanwhile, TADB board chairman, Mr Ishmael Kasekwa, affirmed that the board would continue to uphold sound governance practices and ensure professional oversight of the bank’s operations.
