Agriculture insurance regulations due in 2026/27
DODOMA: THE government plans to complete the formulation of agricultural insurance regulations during the 2026/27 financial year, as part of efforts to expand insurance coverage for farmers and agricultural activities. Deputy Minister for Finance, Dr Laurent Luswetula, gave the assurance in the National Assembly yesterday while responding to a question from Kafiti William Kafiti (Ilemela- CCM), who sought to know when the government would finalise the regulations to improve p
Tanzania's government is targeting the 2026/27 financial year to finalize new regulations for agricultural insurance. This initiative aims to broaden insurance coverage for farmers and various agricultural activities, including crops, livestock, forestry, and fisheries. The research currently underway seeks to create an environment that encourages investment in agricultural insurance and makes services more accessible for farmers.
The regulations are intended to enhance risk protection within the agricultural sector and stimulate greater involvement from insurance providers and investors. Officials emphasized that the comprehensive research is necessary to ensure the regulations effectively meet farmers' needs and attract significant investment for the sector's sustainable development.
These upcoming regulations are crucial for bolstering the resilience of Tanzania's vital agricultural sector, which underpins the national economy and livelihoods.
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