Tag: World Bank

Tanzania AG Frederick Werema quits amid corruption row

| December 17, 2014 | 0 Comments

17 December 2014 Last updated at 11:16 GMT The allegations against Mr Werema (top-centre) and other officials have dominated headlines in Tanzania Tanzania’s Attorney General Frederick Werema has resigned, making him the first casualty of a corruption scandal that has rocked the government. MPs last month called accused him of authorising the fraudulent transfer of […]

Continue Reading

Scandal in Tanzania: A little context and 3 lessons

| December 4, 2014 | 0 Comments

Corruption charges show need for reform in oil and gas sector. James Morrissey is a researcher on extractive industries and governance at Oxfam America. I was in Tanzania last month as what may turn out to be one of the biggest corruption scandals in the country’s history was coming to light. Contained in these events […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading