Tag: World Bank

Tanzania May Increase Borrowing to Fund Budget After Aid Cut

| October 17, 2014 | 0 Comments

Tanzania may borrow more to help finance its budget this year after foreign donors said they will withhold funding because of a corruption scandal, Finance Ministry Permanent Secretary Servacius Likwelile said. The U.K., Japan, Germany and other development partners including the World Bank announced last week they will keep back about four-fifths of the $558 […]

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UK and international donors suspend Tanzania aid after corruption claims

| October 13, 2014 | 0 Comments

International donors have suspended nearly $500m (£311m) in budget support to Tanzania in response to claims that senior government officials siphoned off funds from the country’s central bank under the guise of energy contracts. The chair of Tanzania’s public accounts committee, Zitto Kabwe, has said that several high-ranking officials colluded with corrupt businessmen to transfer […]

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How IPTL saga frustrates govt

| October 13, 2014 | 0 Comments

Tanzania has told the World Bank that development partners (donors) have instituted stringent conditions that were holding back the country’s budget implementation. The Permanent Secretary Ministry of Finance Dr Servacius Likwelile said in Washington that development partners were demanding Tanzania to first sort out Independent Power Tanzania Limited (IPTL) issues before they provide funds for […]

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Donors delay some aid to Tanzania over graft claims

| October 13, 2014 | 0 Comments

By Fumbuka Ng’wanakilala DAR ES SALAAM (Reuters) – A group of 12 international donors have delayed budget support for Tanzania until findings of an investigation into charges of corruption in the energy sector are released and appropriate action taken, a leading donor said. Tanzania has made big discoveries of natural gas, but its energy industry […]

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Donors delay some aid to Tanzania over graft claims

| October 12, 2014 | 0 Comments

DAR ES SALAAM (Reuters) – A group of 12 international donors have delayed budget support for Tanzania until findings of an investigation into charges of corruption in the energy sector are released and appropriate action taken, a leading donor said. Tanzania has made big discoveries of natural gas, but its energy industry has been dogged […]

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World Bank partners Tanzania on port improvement project

| September 19, 2014 | 0 Comments

By: Trust Matsilele The World Bank Group is partnering with the government of Tanzania on the country’s port improvement project. The cooperation will be delivered through the Dar es Salaam Maritime Gateway Project. The cooperation includes the provision of financial support to facilitate the deepening and strengthening of berths 1-7, the dredging of the entrance […]

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Tanzania in Big Coalition Against Poaching

| September 16, 2014 | 0 Comments

Dar es Salaam — Tanzania has agreed to form a task force together with the United States, China, Germany, European Union, World Bank and the United Nations Development Programs (UNDP) to control and curb illegal poaching, trafficking and export of ivory in the region. Speaking to East African Business Week on the sidelines of the […]

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Three Ways to Create More Productive Jobs for Tanzanians

| September 16, 2014 | 0 Comments

press release Tanzania urgently needs to transform its economy to create more productive jobs for its fast growing population, according to a new World Bank report released today. The new Country Economic Memorandum ‘Productive Jobs Wanted’, which was prepared by the World Bank in collaboration with the President’s Office Planning Commission, outlines three ‘ways’ to […]

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Tanzania seeks advisor for PPP rail upgrade

| August 29, 2014 | 0 Comments

“The government has already borrowed $US 300m from the World Bank through the Tanzania Intermodal Railway Project for the upgrading the line,” Mr Shabaan Mwinjaka, permanent secretary with the Ministry of Transport, told delegates attending the 5th East and Central Africa Roads and Rail Infrastructure Summit in Dar es Salaam on August 26. Canadian consultancy […]

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Tanzania gets $122m W/Bank education project

| July 12, 2014 | 0 Comments

Copyright : APA Tanzania’s “Big Results Now in Education” program, which aims to raise the quality of education in the country’s primary and secondary schools, will receive a $122 million credit over the coming four years, the World Bank said on Friday.Commenting on the approval, Philippe Dongier, World Bank Country Director for Tanzania said education […]

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