•📌 The facility will support sustainable agriculture supply chains through practical local currency financing.
•📌 The partnership strengthens sustainable business growth and deepens Stanbic’s support for Tanzania’s economy.
Dar es Salaam, Tanzania – June 2026:
Stanbic Bank Tanzania has secured TZS 70 billion to sustainable SME financing, structured in two phases. The first tranche of TZS 50 billion was secured and drawn in 2025, and the latest TZS 20 billion facility drawn in 2026 – deepening access to local currency financing and reinforcing the Bank’s long-term commitment to driving inclusive, sustainable economic growth in Tanzania.
The facility has been channelled towards lending that supports sustainable agriculture and agriculture supply chains, including small and medium enterprises and other businesses that are improving productivity and contributing to long term economic growth.
The facility concluded between the parties, reflects the continued strength of the partnership and the growing need for financing that responds to the realities of Tanzanian businesses.
The signing ceremony, held in Dar es Salaam, brought together representatives from Stanbic Bank Tanzania, Finance in Motion and the eco.business Fund to mark a continued commitment to expanding access to responsible finance. The partnership aims to support SMEs that are investing in sustainable practices across key areas such as agriculture, processing, trade, services and other sectors where small and medium enterprises play a critical role in employment, supply chains and community development.
Speaking during the signing, Derick Lugamala, Chief Financial and Value Officer at Stanbic Bank Tanzania said the facility reflects the Bank’s commitment to supporting businesses with funding that enables growth while encouraging responsible business practices.
“SMEs remain central to Tanzania’s economic future. They create jobs, support households, strengthen supply chains and keep local enterprise moving. Through this facility, we are expanding access to practical financing that helps businesses invest, grow and become more resilient,” said Lugemala.
“This partnership with Finance in Motion and the eco.business Fund allows us to support enterprises that are not only looking for capital but also working towards more sustainable ways of doing business. For Stanbic, this is about helping Tanzanian businesses grow with confidence while contributing to a stronger and more responsible economy.”
By providing funding through Stanbic’s lending channels, the facility is expected to help eligible SMEs access financing in Tanzanian shillings, reducing exposure to foreign currency and giving businesses greater latitude in long term planning. The local currency nature of the facility is particularly important for SMEs that earn revenue in Tanzanian shillings and require predictable repayment structures.
The transaction also aligns with Stanbic Bank Tanzania’s broader role in supporting the country’s development by contributing to sustainable development, aligning profit with purpose – financing climate-resilient infrastructure, empowering communities, expanding financial inclusion, and managing ESG risks responsibly. The strategy reflects a clear commitment to Africa’s long-term, inclusive and environmentally responsible growth.
The transaction signals growing confidence in Stanbic Bank Tanzania’s ability to deploy funding responsibly into the SME market. It also shows the value of partnerships between local financial institutions and international impact investors in addressing financing gaps that affect businesses across emerging markets.
For Finance in Motion and the eco.business Fund, the facility supports their work in channelling capital to businesses and financial institutions that promote sustainable agriculture and related value chains, contributing to sustainable economic activity.
The eco.business Fund focuses on supporting business practices that contribute to biodiversity conservation, climate resilience and more responsible production models.
Finance in Motion, said the partnership with Stanbic Bank Tanzania demonstrates how targeted financing can support both business growth and environmental responsibility.
“We are pleased to continue working with Stanbic Bank Tanzania to expand access to finance for businesses operating in sustainable agriculture and agricultural value chains. These sectors are vital to local economies, and the right financing can help improve productivity, strengthen supply chains and support more sustainable production practices,” said Michael Evers, Chairperson of the eco business Fund Board of Directors.
“Through the eco.business Fund, we aim to support enterprises that can deliver real economic and environmental value. This facility gives more Tanzanian businesses an opportunity to grow in ways that protect resources, support communities and build long term resilience” Evers added.
As Tanzania continues to pursue inclusive growth, SMEs will remain an important engine for enterprise development, employment, innovation and local value creation.
Speaking at the event, Fredrick Max, Head of Business and Commercial Banking at Stanbic Bank said they will continue working with partners who share its commitment to Tanzania’s growth.
“Our focus is to provide solutions that meet the needs of our clients and support the development of the economy. This facility is another step in that direction. It enables us to serve more SMEs, support more sectors and contribute to a more sustainable business environment,” said Max.
“Stanbic’s purpose is clear. Tanzania is our home, and we drive her growth. Partnerships such as this help us turn that purpose into practical support for businesses that are building the country’s future.”
The signing ceremony concluded with both parties reaffirming their commitment to supporting Tanzania’s private sector through financing that creates economic value while encouraging responsible growth.
