AfDB Will Continue Funding Tanzanian Projects

AfDB support to Tanzania 2019

The Africa Development Bank (AfDB) Director General for East Africa Regional Development, Gabriel Negatu, recently reiterated that the bank will continue supporting Tanzania’s development projects.

He made the comments while meeting with the Tanzanian Minister for Finance and Planning Minister, Dr, Philip Mpango in Dodoma on 9th August 2019, stressing that Tanzania has shown positive results in using the bank’s fund.

AfDB in Tanzania
Tanzania is the second-largest beneficiary of the concessionary funding window of the bank, the African Development Fund (ADF).

In 2016, the AfDB approved the 2016–2020 concessional resource assistance package for Tanzania worth over USD1.1bn for infrastructure development and better governance.

The latest approved funding aimed at road construction projects, and the construction of an international airport in the Tanzanian capital Dodoma.

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