LocationsTIB Development Bank and UNDP Forge Strategic Partnership to Drive Inclusive, Sustainable Growth in Tanzania
March 17, 2026
Representatives from UNDP and TIB Development Bank sign a Memorandum of Understanding to strengthen collaboration in advancing Tanzania’s development agenda.
Dar es Salaam, Tanzania – TIB Development Bank and the United Nations Development Programme (UNDP) have today signed a Memorandum of Understanding (MoU) to advance innovative, sustainable financing solutions supporting Tanzania’s socio-economic transformation.
The partnership will unlock new opportunities for impactful innovative and bankable development solutions aligned with Tanzania’s national priorities. Focus areas include renewable energy, support for small and medium-sized enterprises (SMEs), the blue economy, and youth-driven initiatives.
Together, TIB and UNDP will identify and develop strategic projects that enhance investment readiness, mobilize blended finance, and support inclusive economic growth. The partnership also aims to strengthen institutional capacity, promote entrepreneurship, and creating opportunities that empower communities across Tanzania.
Speaking during the signing ceremony, the Managing Director of TIB Development Bank Mr. Deogratius Kwiyukwa emphasized the importance of strategic partnerships in unlocking sustainable development financing.
“This partnership with UNDP reflects a shared vision of advancing sustainable and inclusive development in Tanzania. As the country’s national Development Finance Institution, TIB Development Bank remains committed to mobilizing long-term capital and innovative financing solutions that catalyse transformative investments across key sectors of our economy.”
This collaboration underscores the growing trust of international development partners in TIB Development Bank’s expertise to structure and deliver impactful development financing. The Bank has established a trach record of supporting strategic investments through long-term financing, development funds management , and project preparation, which are critical for developing bankable projects that attract investment and drive economic growth.
From the UNDP perspective, Tanzania continues to demonstrate strong progress in sustainable development, strengthening economic resilience, and regional stability.
UNDP Resident Representative, Shigeki Komatsubara speaking at the MoU signing event.
United Nations Development Programme (UNDP) Resident Representative Shigeki Komatsubara emphasised,
“Partnerships with national financial institutions like TIB Development Bank are essential in scaling development impact. UNDP recognises Tanzania’s strong commitment to sustainable development, environmental preservation, and economic stability. Through this partnership, we seek to unlock innovative financing mechanisms that support inclusive growth, strengthen resilience, and expand opportunities for communities nationwide.”
About TIB Development Bank
TIB Development Bank is Tanzania’s national Development Finance Institution mandated to support the country’s socio-economic transformation by providing long-term financing for strategic development projects. The Bank focuses on priority sectors including infrastructure, agriculture, manufacturing, mining, tourism, blue economy, and SMEs. TIB also plays a critical role in managing development funds and supporting project preparation, enabling the development of bankable investments that accelerate Tanzania’s sustainable economic growth.
About UNDP
United Nations development Programme is the United Nations’ global development network working in nearly 170 countries and territories to eradicate poverty, reduce inequalities, and build resilient nations. In Tanzania, UNDP works closely with the Government and development partners to advance inclusive economic growth, environmental sustainability, good governance, peace, and stability through innovative development solutions.
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