TANZANIA’S immense renewable energy, especially solar power, needs concerted financing, especially for the end-users, so as to increase uptake across the country, according to the Tanzania Association of Microfinance Institutions (TAMFI) CEO Winnie Terry.

According to TAMFI, renewable energies significantly contribute to environmental conservation and are feasible tools for fighting poverty, apart from being among products with a high return on investment.

The association is advocating for microfinance institutions in Tanzania to develop financial products and models to enhance access to renewable energy products and services. Access to energy among Tanzanians would play a pivotal role in accelerating the country’s economic development and the UN’s sustainable development goals.

Read more: IPPmedia