DAR ES SALAAM, TANZANIA 

Today, Monday, July 28, 2025, the Tanzania Insurance Regulatory Authority (TIRA) Commissioner of Insurance, Dr. Baghayo A. Saqware, hosted a pivotal meeting held at Mtendeni Office with representatives from CRDB Bank PLC and the Director General Mr. Karim Mkeyenge from National Insurance Corporation (NIC) of Tanzania. 

The meeting focused on the successful implementation of the "Tanzania Agriculture Climate Adaptation Technology Deployment Programme (TACATDP)," also known as GCF project FP179, a key initiative supported by the Green Climate Fund (GCF).

This strategic partnership is a testament to the power of collaboration in building a climate-resilient future for Tanzania's agriculture sector. A core component of this program is the development and launch of a parametric insurance scheme (weather index insurance) designed to protect smallholder farmers from climate risks.

The meeting,  reviewed the progress of a tripartite Memorandum of Understanding (MoU) signed in May 2024. The discussions highlighted key achievements, addressed emerging challenges, and charted the way forward for the initiative's effective execution.
The three key areas of focus for this collaboration are:

 * Policy reforms, coordination, and integration: Ensuring a supportive regulatory environment for innovative insurance products.

 * Product design and development: Creating a tailored parametric insurance product that meets the specific needs of smallholder farmers.

 * Capacity building: Strengthening the knowledge and skills of stakeholders to promote, oversee, and implement the program.

CRDB Bank PLC, an accredited entity of the Green Climate Fund, is a key implementer of this program. 

The bank's representatives at the meeting included Mr. Kenneth Davis Kasigila, Head of Policy Advisory and Climate Finance, and Ms. Linda Kamuzora, Head of BankAssurance. 

The bank has been actively involved in the TACATDP, which aims to strengthen the resilience of the agricultural sector by providing access to climate adaptation technologies and innovative financial products. The Green Climate Fund has provided significant funding for this program, including a grant for technical assistance and capacity building, which is instrumental in the establishment of the weather index insurance scheme.

The successful outcome of today's meeting marks a significant step towards the official launch of the parametric insurance product in the Tanzanian market, a pioneering effort to safeguard the livelihood s of smallholder farmers against the adverse effects of climate change.

TIRA FOR SAFE INSURANCE MARKET