Browsing Tag

AFD

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AFD Loans to Tanzania 2009-2019The French Development Agency (AFD) is a public financial institution that implements the policy defined by the French Government. It works to fight poverty and promote sustainable development.

AFD provides concessional loans to governments and public entities. The Group also finances the private sector through its subsidiary Proparco.

AFD has been present in Tanzania since 2008. It offers financing solutions and technical assistance to promote sustainable growth and the reduction of poverty.

AFD has committed EUR 760 million to Tanzania in ten years from 2009 to 2919.

AFD partnered with Tanzania on key sectors for the country:

-Water and Sanitation: Access for all in urban areas, Protection of water resources, and Capacity Building.

-Sustainable energy: Network modernization and interconnection, Rural electrification, and Development of renewable energies.

-Transport: Urban public transport, Integrated urban and mobility planning, and Rehabilitation and improvement of airport infrastructure.

AFD has also extended its support to new areas of intervention: biodiversity, environment and tourism, Agriculture, and the Development of new tools (guarantees, non-sovereign loans).

AFD in Tanzania has historically focused on financing infrastructure. Since 2009, AFD has worked mainly in the energy sector (47% of its activity), water (28%) and transport sectors (19%).

AFD’s activities in Tanzania are also very much focused on trying to mitigate climate change: more than half of the projects it has financed since 2008 had a positive impact on climate change.

Stéphanie Mouen, Director of AFD in Tanzania, disclosed that for the years to come, the strategy is to remain focused on water and sanitation, energy, and transport.

But also diversifying its financings towards other sectors such as climate-resilient and sustainable agriculture, preservation of environments, conservation, and national parks, blue economy, and information communication technology (ICT).