Planet
This guarantee will support the further growth of a loan portfolio of sustainable infrastructure projects, providing capital relief to support new eligible projects with over a third to be within the agriculture sector.
| Company | CRBD Bank |
| Sector | Multi-sector |
| Country | Tanzania |
| Total Project Cost | USD 150m |
| PIDG Commitment |
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| Dates of PIDG involvement |
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In Tanzania, stricter regulations under Basel III have caused a disruption in the ability of banks to provide project finance for infrastructure, reducing availability, increasing the risk aversion and the cost of providing finance. As a result, the market is considered underdeveloped.
In 2020, CRDB Bank Plc, one of the country’s largest commercial banks, grew rapidly and needed PIDG’s support through an initial guarantee to raise more capital (or realise capital relief) to ensure the continued provision of loans towards infrastructure related finance to businesses.
In 2025, PIDG provided a second portfolio guarantee to CRDB of USD 100 million (equivalent in Tanzanian Shillings), double the size of the earlier transaction. This guarantee will support the further growth of a loan portfolio of sustainable infrastructure projects, providing capital relief to support new eligible projects with over a third to be within the agriculture sector. The energy and industrial sectors will also be areas of focus.
This guarantee will support the further growth of a loan portfolio of sustainable infrastructure projects, providing capital relief to support new eligible projects with over a third to be within the agriculture sector.
The transaction helps to mobilise private sector capital in the market and support the diversification of Tanzania’s growing economy. Expected increase in revenues for local businesses as a result of the loan is c. USD 112m.
This deal significantly strengthens CRDB’s capacity to support large-scale and impactful projects and accelerate access to long-term, affordable local currency financing. Through the demonstration effects we can expect similar guarantees to be provided across the region to enable continued financing of infrastructure finance.
Approximately 30% of the existing loan portfolio could be classified as climate finance.
