Tanzania's President Praises African Development Bank's Support for the Country's Development Agenda

Strategic Insights -

Tanzanian President Samia Suluhu Hassan has hailed the African Development Bank (AfDB) as a vital partner in advancing her country's development agenda. During a visit to the capital city Dodoma, President Samia acknowledged the Bank's significant contributions, particularly under the leadership of Dr Akinwumi Adesina, which have supported numerous development projects across the country. The visit highlighted the importance of infrastructure work in Tanzania's capital, where President Samia praised the AfDB's support for major infrastructure initiatives, including the Dodoma Outer Ring Road and Msalato International Airport projects. She emphasized that Tanzania's stability, peace, and sound economic policies have attracted investment from partners like the AfDB, contributing to the country's growth and development.

Key Takeaways:

  • President Samia Suluhu Hassan praised the African Development Bank (AfDB) as a vital partner in advancing Tanzania's development agenda.
  • The AfDB has supported numerous development projects in Tanzania, particularly under the leadership of Dr Akinwumi Adesina.
  • President Samia acknowledged the Bank's significant contributions to major infrastructure initiatives, including the Dodoma Outer Ring Road and Msalato International Airport projects, which are expected to create more opportunities for businesses and strengthen Tanzania's role as a regional business centre.
  • The AfDB has allocated a total of 2.5 billion US dollars (6.62 trillion shillings) for infrastructure development in Tanzania, with a significant portion dedicated to transport-related projects, including building and upgrading key roads and major railway projects.
  • The Dodoma Outer Ring Road project has an AfDB concessional loan of 89.892 billion Tanzanian shillings, with the Tanzanian government adding 15 per cent of the cost, making the total about 90 billion Tanzanian shillings.
  • The Msalato International Airport project received a concessional loan of 272.12 million US dollars (about 680 billion Tanzanian shillings) from the AfDB and the Tanzanian government contributed 58 million US dollars (about 157.3 billion Tanzanian shillings).

Statistics:

  • 2.5 billion US dollars (6.62 trillion Tanzanian shillings) allocated by the AfDB for infrastructure development in Tanzania.
  • 89.892 billion Tanzanian shillings (AfDB concessional loan for the Dodoma Outer Ring Road project).
  • 90 billion Tanzanian shillings (total cost of the Dodoma Outer Ring Road project).
  • 272.12 million US dollars (concessional loan for the Msalato International Airport project from the AfDB).
  • 680 billion Tanzanian shillings (concessional loan for the Msalato International Airport project from the AfDB).
  • 58 million US dollars (Tanzanian government contribution to the Msalato International Airport project).

Sources:

  • President Samia Suluhu Hassan, as quoted in the Daily News article, "President Samia praises AfDB as vital partner in Tanzania's development agenda"
  • African Development Bank (AfDB), as mentioned in the article, "AfDB's commitment to Tanzania extends far beyond these Dodoma-centric projects."
  • Daily News, "AfDB's 12.33TRI/- SUPPORT: How TZ reaps big"