The African Development Bank (AfDB) announced on 4 November 2026 that it had signed a $997,000 grant agreement with Agriculture and Climate Risk Enterprise (ACRE Africa) to expand agricultural insurance against climate risks in Tanzania. The project aims to reach 300,000 smallholder farmers in 15 regions. The agreement was signed on 28 October at the bank’s East Africa regional office in Nairobi, Kenya.
The grant comes from the Africa Digital Financial Inclusion Facility (ADFI), hosted by the AfDB. ACRE Africa will contribute another $437,000 in kind, bringing total project financing to approximately $1.43 million. Together, the contributions will support the rollout of insurance services designed for farming businesses facing climate-related losses.
Digital tools for policies and claims
The project will develop digital systems for farmer registration, premium collection, policy monitoring and claims processing. These tools are intended to make agricultural insurance easier to distribute and administer among small producers who have limited access to conventional financial services.
ACRE Africa plans to reach farmers through community-based agents and partnerships with financial institutions, agricultural input suppliers and crop buyers. The distribution network is designed to connect insurance with other services farmers use, including financing for their businesses and access to markets.
Headquartered in Kenya and operating offices in six African countries, ACRE Africa provides agricultural risk-management solutions covering advice, insurance and access to credit. The Tanzanian initiative aligns with the country’s National Financial Inclusion Framework for 2023-2028. The AfDB has managed ADFI since its launch in 2019, focusing on digital financial services and greater access for women.