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- Jun 23, 2013
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Hizi pesa zimekopwa na Tanganyika na Tanganyika ndio italipa
Trillion 1 inaenda kujenga airport Pemba
Ikumbukwe pia katika ule mkopo wa covid, amechukua billion 400 na Tanganyika ikabaki na billion 700
Vile vile ameshachukua mkopo Mwingine WB wenye dhamani ya trillion 1 kwaajili ya zanzibar pia
Note, mikopo hii yote Tanganyika ndio italipa
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BADEA hands out 7trn/- loans for next five years
BADEA managing director Dr Sidi Ould Tah made the pledge yesterday in the Egyptian capital, Cairo after holding discussions with Dr Mwigulu Nchemba, the minister for Finance and Planning.
The director said the discussion touched various key issues in the bank’s relationship with Tanzania, “and we're ready to provide the funds." The funds will be disbursed across five years of implementation of the Third National Development Plan for road infrastructure, education, agriculture, strengthening the private sector, plus human capital capacity building, he stated.
He lauded the 60 years of Independence that Tanzania marked this week, promising to work with President Samia Suluhu Hassan in her plans to bring development to the people.
For his part, the minister expressed gratitude to BADEA for the confidence shown in the move to provide a large amount of money that will help bring rapid development to the people through strategic projects they have agreed to finance.
BADEA is a major development partner for the country as so far they have provided loans and grants of up to $2.24bn for projects that include a major water project from Mwanga to Same in Kilimanjaro Region, he said.
The $3bn in loans and grants from BADEA over the next five years will be used to improve energy, 14 irrigation projects, livestock improvement and road construction, opening up economic opportunities in agriculture and other areas.
The funds will also be used to develop the private sector where banks will be given part of the money to provide low-interest loans in productive sectors, promoting employment for youth and women through entrepreneurial activities, he said.
Jamal Kassim Ali, the Zanzibar Minister of State in the President's Office (Finance and Planning), said that Zanzibar would also benefit from a portion of the soft loans and grants. Around $450m would be used to implement a number of strategic projects, he stated.
These include the construction of an airport in Pemba Island, fir a runway and passenger building, Binguni Referral Hospital construction, five VETA technical colleges and fuel depots, he explained.
The loan would further boost the Isles economy and boost employment, a major challenge for Zanzibar authorities right now. BADEA’s decision to provide the loan will contribute to the country's development, he added.
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Trillion 1 inaenda kujenga airport Pemba
Ikumbukwe pia katika ule mkopo wa covid, amechukua billion 400 na Tanganyika ikabaki na billion 700
Vile vile ameshachukua mkopo Mwingine WB wenye dhamani ya trillion 1 kwaajili ya zanzibar pia
Note, mikopo hii yote Tanganyika ndio italipa
======
BADEA hands out 7trn/- loans for next five years
BADEA managing director Dr Sidi Ould Tah made the pledge yesterday in the Egyptian capital, Cairo after holding discussions with Dr Mwigulu Nchemba, the minister for Finance and Planning.
The director said the discussion touched various key issues in the bank’s relationship with Tanzania, “and we're ready to provide the funds." The funds will be disbursed across five years of implementation of the Third National Development Plan for road infrastructure, education, agriculture, strengthening the private sector, plus human capital capacity building, he stated.
He lauded the 60 years of Independence that Tanzania marked this week, promising to work with President Samia Suluhu Hassan in her plans to bring development to the people.
For his part, the minister expressed gratitude to BADEA for the confidence shown in the move to provide a large amount of money that will help bring rapid development to the people through strategic projects they have agreed to finance.
BADEA is a major development partner for the country as so far they have provided loans and grants of up to $2.24bn for projects that include a major water project from Mwanga to Same in Kilimanjaro Region, he said.
The $3bn in loans and grants from BADEA over the next five years will be used to improve energy, 14 irrigation projects, livestock improvement and road construction, opening up economic opportunities in agriculture and other areas.
The funds will also be used to develop the private sector where banks will be given part of the money to provide low-interest loans in productive sectors, promoting employment for youth and women through entrepreneurial activities, he said.
Jamal Kassim Ali, the Zanzibar Minister of State in the President's Office (Finance and Planning), said that Zanzibar would also benefit from a portion of the soft loans and grants. Around $450m would be used to implement a number of strategic projects, he stated.
These include the construction of an airport in Pemba Island, fir a runway and passenger building, Binguni Referral Hospital construction, five VETA technical colleges and fuel depots, he explained.
The loan would further boost the Isles economy and boost employment, a major challenge for Zanzibar authorities right now. BADEA’s decision to provide the loan will contribute to the country's development, he added.
BADEA hands out 7trn/- loans for next five years
THE Arab Bank for Economic Development in Africa (BADEA) has pledged to provide Tanzania with concessional loans and grants reaching $3bn (7trn/-) over the next five years for various development projects.
