AfDB pledges to continue funding Tanzania’s development initiatives

10Aug 2019
The Guardian Reporter
Dodoma
The Guardian
AfDB pledges to continue funding Tanzania’s development initiatives

THE African Development Bank (AfDB) has expressed satisfaction with the implementation of various projects it supports, pledging to continue funding Tanzania’s development initiatives.

AfDB director general for East Africa Regional Development, Gabriel Negatu.

The bank has been a long time supporter of the government’s development projects.

AfDB director general for East Africa Regional Development, Gabriel Negatu made the remarks yesterday during his meeting with Finance and Planning Minister, Dr Philip Mpango in country’s capital—Dodoma.

Gabriel stated that Tanzania is among the countries that have showed positive results in spending the bank’s fund in implementing development projects. He said the bank will continue providing financial support to development projects.

Finance and Planning Minister, Dr Philip Mpango, commended the bank for supporting the country’s development projects. He said that AfDB is playing a big role in ensuring successfully implementation of projects.

According to Dr Mpango some of the development projects that AfDB supports are in infrastructure, transportation and energy which are among the main components towards realization of an industrialized economy as well as attaining the middle-income nation status.

He insisted that improvement of energy infrastructures is crucial for Tanzania and other African countries since it is the main component towards industrialization. He said that African countries including Tanzania will hardly realize their industrialized strategy without reliable power services.

Dr Mpango highlighted efforts done by the government through the Rural Electrification Agency (REA) whereas millions of new customers have been connected to the national grid. He said rural electrification will help citizens to get news as well as improve their welfare through establishment of income generating activities.

The bank is also expected to fund construction of a standard gauge railway from Tanzania to Rwanda which will foster development and facilitate smooth movement of goods and people between the two East African nations.

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