TIB Development Bank Seeks Key Role in Tanzania's Sh477 Trillion Development Plan

TIB Development Bank is seeking a stronger role in financing strategic investments as Tanzania prepares to implement a Sh477 trillion development programme. The private sector is expected to provide about 70 percent of the required funding. The bank will focus on supporting projects in manufacturing, infrastructure, energy, logistics, and other productive sectors through long-term financing, project preparation, and partnerships with investors.

The financing requirements are outlined in the Fourth Five-Year Development Plan (FYDP IV), covering 2026/27 to 2030/31. This plan forms the first phase of Tanzania's ambition to build a $1 trillion economy by 2050 under Dira 2050. The proposed Sh89.3 trillion National Development Plan for 2027/28 also reflects the scale of investment needs. Of this amount, Sh62.3 trillion is expected to come from private investment.

TIB Development Bank Managing Director Deogratius Kwiyukwa stated that the institution is positioned to help translate national development priorities into viable investments. The bank provides financing and technical support to help viable investments proceed and generate impact for citizens and the economy. Kwiyukwa emphasized that development finance institutions play a complementary role to commercial banks, particularly in investments requiring substantial capital and longer repayment periods.

TIB's mandate includes technical and financial appraisal, project preparation, long-term financing, fund administration, investment partnerships, and monitoring project implementation. These services help public institutions and private investors develop bankable projects with sound technical plans and financing structures. Kwiyukwa cited Kagera Sugar as one of the investments the bank had supported through capital investment, irrigation-related infrastructure, and financing associated with expansion.

According to Kwiyukwa, such investments generate benefits beyond individual businesses through increased production, employment, particularly for young people and women, and opportunities for local suppliers and transport operators. The bank remains committed to empowering youth, women, and SMEs through inclusive development financing and enterprise support. This commitment aligns with the Vice President's directives on creating employment opportunities for graduates through direct recruitment.

In the manufacturing sector, TIB has supported Pipe Industries in Dar es Salaam, which produces large pipes used in water and gas infrastructure. Kwiyukwa stated that financing local manufacturers of infrastructure materials would strengthen domestic industrial capacity and enable Tanzanian companies to participate in major development projects. Major public infrastructure projects, including the 2,115-megawatt Julius Nyerere Hydropower Project, are creating opportunities for complementary private investment.

Kwiyukwa emphasized that the bank assesses its contribution through the economic and social benefits generated by investments rather than financing volumes alone. The bank will continue supporting youth- and women-led businesses, strengthening small and medium-sized enterprises (SMEs), and financing initiatives aimed at creating sustainable employment.

Key points

• TIB Development Bank aims to provide financing and technical support for strategic investments in Tanzania's Sh477 trillion development programme.
• The bank will focus on supporting projects in manufacturing, infrastructure, energy, logistics, and other productive sectors.
• TIB's commitment aligns with the Vice President's directives on creating employment opportunities for graduates through direct recruitment.