A new multi-institutional alliance has been formed to expand access to climate finance across the country, with a focus on financial institutions, small and medium enterprises (SMEs), and micro, small and medium enterprises (MSMEs).
The three partners yesterday signed a Memorandum of Understanding (MoU) aimed at addressing long-standing structural barriers that have limited access to global climate funding.
By combining technical, strategic, and legal expertise, the alliance seeks to close the “bankability gap,” where funding exists internationally but local projects often fail to meet investment readiness, compliance, and regulatory standards.
In a joint statement, the partners said the main challenge is no longer the availability of capital, but the ability of institutions and businesses to effectively access and utilise it.
Rwebu Mutahaba, Director at Afropavo Analytics, said: “We see climate finance not as a capital problem, but as a data and readiness problem. Our role is to transform enterprises into investment-ready opportunities using data, AI, and structured analytics.”
Edna Minja, Deputy CEO at BSM Washauri (TZ) Ltd, said the collaboration aligns with the firm’s mission to promote institutional growth and national development.
“By unlocking green and climate finance, we are enabling institutions to implement ideas and seize opportunities that support Tanzania’s present while shaping a more sustainable future,” she said.
Thomas Sipemba, partner at Dentons EALC East African Law Chambers, highlighted the growing importance of environmental, social and governance (ESG) standards in accessing finance and strengthening business resilience.
“ESG has become central to value creation, risk management and access to capital,” he said, adding that the firm will support institutions in meeting regulatory requirements and structuring scalable, credible financing solutions.
Under the agreement, Afropavo Analytics will serve as the technical lead, using data and artificial intelligence to align projects with international green finance standards.
BSM Washauri will oversee stakeholder engagement and provide strategic advisory services, while Dentons EALC will provide legal and regulatory support, including ESG frameworks.
The alliance will initially focus on key sectors including agriculture, renewable energy and manufacturing, with the aim of creating a scalable model for Tanzania’s participation in the global green finance ecosystem.
As the country moves towards its Development Vision 2050, demand for climate-resilient investments is expected to rise, underscoring the importance of improved access to green finance.
The partners expressed confidence that the collaboration will help translate available global capital into viable, investment-ready local projects, supporting Tanzania’s transition to a sustainable, low-carbon economy.
