Public Management

Tanzania Strategy Review : Bank Outperforms Goals for 2021-2025

Tanzania Strategy Review : Bank Outperforms Goals for 2021-2025
Thursday, 23 November 2023 14:36

The African Development Bank’s Country Strategy Paper (CSP) for Tanzania has been implemented over the last two years with the programmed operations during the period producing results that exceed expectations, according to the mid-term review of the CSP 2021-2025 published on 9 November.

The rate of access to drinking water in the project areas in Arusha, which was 60 percent of the population in 2019, is now 81 percent, exceeding the 75 percent target set for 2025.

The rate of access to basic sanitation services in the same areas has also improved, from 17 percent in 2019 to 25 percent in 2022, and is on course to achieve the target of 30 percent by 2025. These achievements have been made possible by the installation of 473 km of water pipes and the construction of 184 km of drains.

The support of the African Development Bank Group was aimed at enhancing the quality and sustainability of Tanzania’s infrastructure by creating high-quality, multimodal transport facilities, improving electricity production as well as transmission and distribution grids, and developing water supply and sanitation systems. The mid-term review found that significant results have been achieved for the first part of the CSP implementation period,” said Jacob Oduor, the African Development Bank’s Chief Country Economist in Tanzania.

In total, 120 km of main roads have been upgraded from gravel to standard bitumen surface, compared with a target of 111 km at mid-term. In terms of the project’s impact on gender, women have taken on over 30 percent of the more than 1,500 local jobs created by the Bank’s various interventions in the transport sector.

Other ongoing projects in the transport sector are projected to produce further results between June 2023 and the end of the CSP implementation in December 2025. These include building and renovating schools, hospitals, markets and community wells, in addition to planting trees to mitigate the effects of climate change.

Moreover, civil engineering works carried out as part of the Transport Sector Support Program should reduce travel time from eight to three hours within the project areas.

In addition, the target of 136.5 MW of renewable energy production is set to be achieved by the end of 2025, thanks to the ongoing hydropower generation projects.

Finally, 394 of the planned 2,285 km of high-voltage transmission lines have been built under the Kenya-Tanzania 400 kV Power Interconnection Project, which is nearing completion, while the remainder will come from the Malagarasi Hydropower Project and the North-West Electricity Transmission Project.

At the CSP mid-term on 30 June 2023, the African Development Bank Group’s active portfolio in Tanzania comprised 25 operations, with a total value of USD 2.75 billion.

 logo BAD

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
New SME Growth Fund aims to improve access to long-term capital Initial $30 million could scale up to $100 million over time SMEs remain...
Nigerian billionaire adds $5.78 billion to his fortune in under four months Gains driven by strong stock performance of BUA Cement and BUA...
Gozem is in talks with the IFC for €21 million to expand in four countries Funding would support vehicle financing and the “Drive-to-Buy”...
Fitch affirms Cameroon at “B”, outlook negative Growth steady, debt contained; governance and political risks persist New vice-presidential role seen...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
05

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.