African Development Bank Group (AfDB)
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    • Samia Suluhu Hassan, President of Tanzania, with President Akinwumi Adesina at her side, during the laying of the foundation stone of the outer ring road of Dodoma, in February
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Source: African Development Bank Group (AfDB) |

Africa Road Builders: Tanzanian President Samia Suluhu Hassan wins the 2022 Babacar Ndiaye Trophy for transport success

The prize is awarded to leading figures in Africa who have demonstrated their commitment to the development of transport infrastructure on the continent

Tanzanian President Samia Suluhu Hassan has been named the 2022 winner of the Africa Road Builders–Babacar Ndiaye Trophy. The prize is awarded to leading figures in Africa who have demonstrated their commitment to the development of transport infrastructure on the continent. The selection committee for the award commended Hassan for…

Source: African Development Bank Group (AfDB) |

CORRECTION: Africa is the place to invest, visiting US congressional delegation acknowledges to African Development Bank chief

The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday

United States Congressman Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now. The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on…

Source: African Development Bank Group (AfDB) |

African Development Bank Group chief pays homage to the late President John Magufuli

The Bank chief was received in Chato by family members of the late president, led by his brother Goldian Joseph Magufuli

The President of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi A. Adesina, ended his three-day official visit to Tanzania with a moving tribute to the late President John Magufuli, who died in office last March. Adesina on Thursday travelled to the north-western town of Chato to pay homage to…

African Development Bank Group (AfDB)
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    • Tanzania to expand markets and economic growth, as it launches works on major Dodoma road
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Source: African Development Bank Group (AfDB) |

Tanzania to expand markets and economic growth, as it launches works on major Dodoma road

The road project forms part of a masterplan to transform greater Dodoma into a thriving, sustainable city for its 2.4 million people

The head of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi A. Adesina, on Wednesday joined Tanzanian President Samia Suluhu Hassan to formally launch the construction of the landmark Dodoma City Outer Ring Road project. Hundreds of local residents gathered to witness the occasion in the country’s capital, Dodoma. They…

Source: African Development Bank Group (AfDB) |

African Development Bank president begins three-day official visit to Tanzania

The visit signals strong ongoing support by the pan-African lender for transformative infrastructure in the country

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi A. Adesina began a three-day official visit to Tanzania on Monday. The visit signals strong ongoing support by the pan-African lender for transformative infrastructure in the country. The Bank Group chief will meet with President Samia Suluhu Hassan and senior members of…

Source: African Development Bank Group (AfDB) |

Tanzania: African Development Fund approves $116 million loan to upgrade southern road corridor

The Bank’s loan represents 98.71% of the project cost; the government of Tanzania will provide the remaining 1.29% in funding

The Board of Directors of the African Development Fund on Wednesday approved a loan of around $116 million to the Tanzanian government to upgrade a 160-km Mnivata-Newala-Masasi road corridor in the southern part of the country. The Bank’s loan represents 98.71% of the project cost; the government of Tanzania will…

Source: African Development Bank Group (AfDB) |

African Legal Support Facility holds Annual Meetings

The meetings were held virtually from 24-25 May 2021

The African Legal Support Facility (ALSF) (www.ALSF.int) has concluded virtual Annual Meetings of its management board and Governing Council during which the institution’s term was extended until 2036. The extension – for an additional 14 years beyond the original term date of 2022 – was based on the ALSF’s accomplishments,…

Source: African Development Bank Group (AfDB) |

Tanzania: African Development Bank Group signs loan agreements for $140 million to increase power generation

The funds will be used to construct the plant and an evacuation transmission line, as well as to add 4,250 rural electrification connections

The African Development Bank Group (www.AfDB.org) and the Government of Tanzania have signed loan agreements totalling $140 million to finance the construction of the 50-megawatt Malagarasi hydropower plant in Western Tanzania. The agreements cover a $120 million sovereign loan from the Bank and $20 million from the Africa Growing Together…

Source: African Development Bank Group (AfDB) |

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), African Guarantee Fund, partner to unlock $1.3 - $2 billion in loans to women entrepreneurs

Financial institutions in Cameroon, Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda are signing on to the program

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) program has agreed a partnership with the African Guarantee Fund (AGF) to unlock $1.3 to 2 billion in loans to women-owned Small and Medium Sized Enterprises (SMEs) in Africa, by working with financial institutions to enhance their…

Source: African Development Bank Group (AfDB) |

Tanzania: African Development Bank approves $120 million loan to build Malagarasi Hydropower Project

The hydropower plant’s expected average annual output of 181 GWh will meet the electricity needs of as many as 133,649 Kigoma households

The Board of Directors of the African Development Bank (https://www.AfDB.org/) have approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania that will provide reliable renewable energy to households, schools, clinics and small and medium-sized enterprises in the Kigoma Region. The Malagarasi…