Dar es Salaam, April 29 -- DODOMA: PRESIDENT Samia Suluhu Hassan inaugurated the Cooperative Bank Tanzania (CBT) in Dodoma yesterday, marking a significant milestone in the efforts to bolster cooperative societies and transform agricultural financing in the country.

She hailed the cooperative-based financial institution as a vital instrument in tackling the persistent financing challenges faced by underserved communities, particularly the nations small-scale farmers.

President Samia cited an African Development Bank (AfDB) report, revealing that a mere five percent of funds channelled into the banking sector currently reach agriculture.

She expressed confidence that CBT would help reverse this trend and support ongoing agricultural ref...