CRDB Bank deal to expand Tanzanians’ access to power
The Tanzanian government and CRDB Bank have launched a financing scheme to subsidize electricity connection fees for 500,000 rural and peri-urban customers annually. This initiative aims to remove financial barriers to energy access and support national economic development.
Why it matters
Expanding electricity access is a critical driver for economic growth, healthcare, and industrial development in developing nations.
DAR ES SALAAM: THE Tanzanian Vice President, Deogratius Ndejembi, has witnessed the signing and launch of a landmark financing scheme aimed at helping more Tanzanians access electricity, through a partnership between Tanzania Electric Supply Company (TANESCO) and CRDB Bank.
The signing ceremony was held on October 2, 2026, at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam, marking a major step towards strengthening public-private sector cooperation in promoting development.
Speaking at the launch, Ndejembi said the partnership was intended to remove financial barriers preventing citizens from accessing electricity, stressing that energy was a fundamental pillar and key driver of national economic growth.
“Electricity is a service closely linked to development. The 2,115 megawatts generated by the Julius Nyerere Hydropower Project will only have meaning if they reach the final consumer in hospitals, factories, homes and businesses,” Ndejembi stressed.
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