TZS 6 Billion Financing for Livestock and Fisheries Sectors
Latest Tanzania finance news · TZS 6 Billion Financing for Livestock and Fisheries Sec… explained · updated Aug 22, 2026 · economy news · GDP · investment
TLDR
- The Cooperative Bank (Coop Bank) opened a new branch in Kagera Region on August 18, 2026, to enhance access to financing for farmers, livestock keepers, fishers, and cooperatives.
- Minister for Livestock and Fisheries, Dr. Bashiru Ally Kakurwa, emphasized the importance of cooperatives in mobilizing capital and expanding production during the launch.
- The Kagera branch is Coop Bank's seventh branch in Tanzania and its first in the Lake Zone, joining existing branches in Mtwara, Tandahimba, Dodoma, Dar es Salaam, Moshi, and Tabora.
- A total of TZS 6 billion has been allocated specifically for the livestock and fisheries sectors to support these industries.
- Dr. Bashiru urged cooperatives to focus on value addition in agriculture, livestock, and fisheries to improve earnings and create employment opportunities.