Tanzania allocates 6.6 billion shillings to carbon projects
By the AFREEQUE newsroom, based on TanzaniaInvest and Daily News
Tanzania is allocating 6.6 billion shillings to improving the carbon project registry and training specialists to verify emissions reductions. At COP31, CRDB Bank also signed an agreement to facilitate access to financing for eligible carbon project developers, according to TanzaniaInvest.
State Minister Hamad Yussuf Masauni has called on CRDB Bank and the National Carbon Monitoring Centre (NCMC) to strengthen their cooperation to finance, develop and promote carbon projects. He was speaking on 13 November 2026 in Antalya, Turkey, during the signing of the agreement between the two institutions, on the sidelines of COP31.
Masauni called on CRDB to offer loans, guarantees and other investment instruments suited to the needs of project developers, subject to banking assessments and legal requirements. He said the National Development Vision 2050 makes carbon trading a lever for attracting green investment, mobilising climate finance and supporting employment.
NCMC Director General Kathryn Kigaraba said the partnership would strengthen national capacity to develop the carbon market. CRDB Director General Abdulmajid Nsekela said it was expected to promote investment and attract capital to projects with economic and social benefits.
