DAR ES SALAAM, Aug. 22 -- THE Tanzania Agricultural Development Bank (TADB) has taken a pioneering step in climate finance, becoming the first bank in the country to conduct full climate stress testing. The initiative follows a six-month technical assistance project supported by the African Development Bank (AfDB), the Global Center on Adaptation (GCA), and technical experts from Adelphi, aimed at strengthening TADBs internal systems for climate risk assessment and management.

Unveiling the results in Dar es Salaam, Derek Apell, AFAC Coordinator at AfDB, said the project represents a major advance in aligning financial institutions in Africa with sustainable development and climate resilience. “As banks such as TADB adopt climate r...