TANZANIA · CLIMATE FINANCE
On Friday 13 November 2026, Tanzania’s National Carbon Monitoring Centre (NCMC), the government body that coordinates carbon trading, and CRDB Bank signed a memorandum of understanding, a type of cooperation agreement. CRDB is a Tanzanian commercial bank.
The signing took place that Friday in Antalya, Türkiye, on the sidelines of COP31, the United Nations climate conference. It matters because Tanzanian carbon project developers, and the buyers of their carbon credits, need finance to build projects.
Key Facts
- Deal NCMC, Tanzania’s carbon monitoring body, and CRDB Bank signed a cooperation agreement.
- Where Antalya, Türkiye, at COP31, the UN climate conference, on Friday 13 November 2026.
- Aim Support the development, financing and expansion of carbon trading projects in Tanzania.
- Government ask The minister urged CRDB to design loans, guarantees and other investment instruments.
- Open No financing amount or project list has been announced.
Tanzania’s government wants a large bank to finance carbon projects. Money, projects and timing have not been published.
What Happened
NCMC and CRDB Bank signed the memorandum at a CRDB side event in Antalya. The event was held on the sidelines of COP31.
Hamad Yussuf Masauni, Minister of State in the Vice-President’s Office (Union and Environment), the ministry that handles environment and Union affairs between the mainland and Zanzibar, spoke at the signing. He urged CRDB to design innovative financial products, such as loans, guarantees and other investment instruments.
The minister said these products should help carbon project developers get capital, subject to the bank’s assessments and legal requirements. He also stressed that projects must comply with the Environmental Management Act, Tanzania’s main environmental law.
Projects must also follow the Environmental Management (Control and Management of Carbon Trading) Regulations, 2022, as amended in 2023. These regulations govern carbon trading in Tanzania.
Who Was in the Room
Richard Muyungi, Permanent Secretary in the Vice-President’s Office (Union and Environment), attended the signing. So did Ngenda Kathryn Kigaraba, Executive Director of NCMC.
Abdulmajid Mussa Nsekela, CRDB Bank’s Chief Executive Officer, also attended. He said the partnership would open investment opportunities and attract capital.
Nsekela added that it would help carry out carbon projects with economic and social benefits. NCMC brings experience in coordinating and overseeing carbon trading, while CRDB brings financial services and investment capacity.
In Plain English
Carbon credits are certificates for emission cuts or removals that can be sold. A memorandum of understanding is a cooperation agreement that sets out how two sides plan to work together.
Background
NCMC was launched in 2016 at Sokoine University of Agriculture in Morogoro, with NIBIO, a Norwegian research institute, as technical partner. It is the coordinator of Tanzania’s national system for measuring and reporting emissions.
Tanzania’s carbon trading regulations took effect on 28 October 2022 under Government Notice 636 of 2022, the official gazette number of the regulations. The 2026 agreement builds on that legal framework.
Why It Matters
Carbon project developers need capital, and that is what the minister asked CRDB to help supply. Buyers of Tanzanian carbon credits are also affected, because the deal aims to expand the projects that create the credits.
No financing figure has been published, so no number yet shows the scale of the support. The effect on developers will depend on the products CRDB designs.
What Is Not Known
No financing amount, number of projects to be funded or first products has been announced. We could not confirm any CRDB or NCMC press release on the memorandum.
It is also not known whether the memorandum is legally binding. Both sides have yet to say how the cooperation will be run.
Frequently Asked Questions
What did Tanzania and CRDB Bank sign?
Tanzania’s National Carbon Monitoring Centre and CRDB Bank signed a memorandum of understanding on Friday 13 November 2026. It aims to support the development, financing and expansion of carbon trading projects.
What did the minister ask CRDB to do?
Minister Hamad Yussuf Masauni urged CRDB to design innovative financial products, such as loans, guarantees and other investment instruments. They would help carbon project developers get capital, subject to the bank’s assessments and legal requirements.
Who is affected by the deal?
Tanzanian carbon project developers could gain access to capital. Buyers of Tanzanian carbon credits are also affected, because the deal aims to expand the projects that supply them.
How much money is involved?
No financing amount has been announced. The number of projects and the first products are also not known.
Sources: Environmental Management (Control and Management of Carbon Trading) Regulations, 2022 (Government Notice 636 of 2022, as amended in 2023); statements made at the signing in Antalya, Türkiye, on 13 November 2026.
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