Tanzania – Tz, WB Ink 2.7tri / – Agreement

Tanzania and the World Bank (WB) have signed a 2.7tri-discount loan agreement to support five key projects in the mainland and semi-autonomous islands of Zanzibar.

The projects will lead to a $ 756.6bn / -, Tanzania Highways Inclusion and Social Economic Opportunity (RISE) (693.2bn / -) to 346.6bn / – to the Digital Tanzania Project (DTP). ).

Others include the Zanzibar Energy Sector Transformation and Access (ZESTA) Project (328.1bn / -) and the Zanzibar Global Growth: Integrated Development Project (BG-Z) (346.6bn / -).

Speaking at the signing ceremony between Tanzania and the World Bank in Dar es Salaam, Minister of Finance and Planning, Dr. Mwigulu Nchimba, said the projects signed are in line with the country’s third five-year development plan (FDP). III).

“The projects are in line with the government’s sixth agenda to build a competitive and industrial economy for human development by improving productive infrastructure, providing reliable energy supply, strengthening the business and investment environment, and improving education and training systems. ”Said Dr. Nchmba.

He said the signing ceremony was a sign of the ongoing development cooperation between Tanzania and the World Bank.

Equality has paved the way for a number of projects aimed at reducing poverty, promoting common prosperity and promoting sustainable development in Tanzania.

“Tanzania appreciates the important and timely support provided … The signing of five projects shows the confidence of the government led by President Samia Suluhu Hassan,” he said.

The World Bank’s Country Director, Mara Warwick, said the five projects are expected to bring significant benefits to many Tanzanians living in rural areas and in Zanzibar.

“Tanzania is proud to support these important development programs as Tanzania progresses to a low-middle income and continues to grow to achieve the Vision 2025 goals,” she said.

She said the project will help sustain strong growth and provide all-inclusive economic opportunities as a priority for all Tanzanians to improve their living standards.

State Minister for Finance and Planning in the Office of the President in Zanzibar, Jamal Kassim Ali, hinted that the Zeseta project will expand access to safe and efficient electricity services and increase renewable energy in the country.

This includes installing and operating a BESS with 40 MW.

He said the BIG-Z project will help improve road infrastructure and increase the government’s institutional capacity.

The Minister of Education, Science and Technology, Prof. Joyce Nadalichako, said the HEET project will strengthen the learning environment, ensure the alignment of priority degree programs to the needs of the labor market and improve the management of higher education systems.

982.1bn / – As the largest recipient of funds, the goal is to increase enrollment by 30%.

23 Higher education institutions will benefit, and finance will make a big difference in the country’s education sector.

It outlines priorities for health, climate change and the environment, energy saving technology, information and communication technology (ICT).

Among others are courses that strengthen the connection between theory and practice in tourism and wildlife conservation, education, social science and industry.

According to Professor Ndalichako, 130 classrooms will be built with a capacity of 500-1000 students, a science laboratory (108) and a seminar (55).

The plan also provides for the evaluation of 290 curricula from primary to tertiary education in accordance with the President’s directive, with 623 staff members and 477 Masters PhDs.