Tanzania gets World Bank’s $292m fund for infrastructure

The World Bank has approved the sum of $292 million as infrastructure fund for Zanzibar, Tanzania, Dr Taufila Nyamadzabo, World Bank Executive Director for Africa Group, said.
This will enable Zanzibar residents to benefit from reliable and affordable electricity as well as modern water and transport infrastructure.
Nyamadzabo assured Tanzania’s Finance and Planning Minister Jamal Kassim Ali that the Bretton Woods institution remains committed to finishing the existing projects and exploring more opportunities for further cooperation with the islanders.
The money is in addition to $4.9 billion the World Bank had already approved to help push mega projects in the country….

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