Montreal/Tanzania, 17 October 2025 – Canada’s bilateral Development Finance Institution, FinDev Canada and CRDB Bank (CRDB) announced the signing of a Memorandum of Understanding (MOU) to advance sustainable and inclusive development. The agreement represents the institutions’ commitment to mobilising capital, and sharing knowledge, expertise and best practices to create shared prosperity for communities and businesses in Africa.
Africa faces persistent gaps in financing for micro, small and medium-sized enterprises (MSMEs), and climate-smart agriculture. By combining resources and strengths, and facilitating the exchange of investment opportunities, CRDB and FinDev Canada aim to address these challenges by mobilising capital, thereby supporting sustainable development, and contributing to long-term impact.
Lori Kerr, Chief Executive Officer at FinDev Canada, said: “FinDev Canada’s partnership with CRDB is built on a shared commitment to creating opportunity where it’s needed most. By deepening our collaboration, we’re mobilising capital and investing in the potential of local markets, entrepreneurs, and communities across Sub-Saharan Africa. This MOU is an important step toward strengthening meaningful engagement, co-investment, and long-term impact in critical sectors that support sustainable development and climate action.”
Abdulmajid Mussa Nsekela, CEO and Managing Director, CRDB Bank Group, said: “This partnership reflects our shared vision of an Africa that is financially inclusive, food secure, and sustainably developed. At CRDB Bank, we believe finance should be a force for good - unlocking potential, creating jobs, and driving long-term value for communities. By joining hands with institutions like FinDev Canada, we are accelerating our vision to transform lives and develop economies to their fullest potential. This is more than capital; it is confidence in Africa’s future.”