Tanzania is the largest country in East Africa bordered by the Indian Ocean. Tanzania is home to Africa's highest mountain, Kilimanjaro, and the second largest freshwater lake in the world, Lake Victoria, as well as the world’s largest caldera, Ngorongoro Crater with an area of 264 kilometers.
The country depends heavily on the biodiversity wealth featured in the numerous globally recognized hot spots protected in a network of 16 National Parks, 3 Biosphere Reserves, 4 World Heritage Sites, 28 Game Reserves, 42 Game Controlled Areas, 38 Wildlife Management Areas, 109 Forests, 4 Marine Parks, and 17 marine reserves. With over 4 million wild animals in its biodiversity profile, Tanzania has the largest concentration of animals per square km, in the world. However, the country is among 15 globally registering the highest number of threatened species, with at least 900 threatened species under the IUCN Red List, 2013.
An expression of interest to implement BIOFIN was received from Tanzania in February 2018 and the country has joined the Second Phase of the initiative from 2018 – 2025.
Tanzania has recently joined BIOFIN initiative for Phase II, finance solutions will be developed after a successful assessment phase.