In a ceremony held today, Saturday 21 December 2019, the Arab Bank for Economic Development in Africa and the United Republic of Tanzania signed a loan agreement amounting to US$ 13.5 million to help finance the construction and equipment of secondary schools in Zanzibar
The objective of this project is to help Zanzibar contribute to the achievement of the Sustainable Development Goals in the field of education (Goal 4) and to help provide educational opportunities for students in areas with insufficient secondary schools
The Project consists of civil works and ancillaries for the construction and equipping of three secondary schools, including teachers’ accommodation, boys’ and girls’ dormitories, and other facilities. One of the schools will be constructed in the western urban area on the island of “Unguja” in the village of “Mfenesini”, the second in the northern area on the island of “Unguja” in the village of “Gamba” and the third in the northern area on “Bemba” in the village of “Kifoundi”. Translated with www.DeepL.com/Translator (free version)
The Agreement was signed, for the Bank, by H.E. Dr. Sidi Ould Tah, its Director General, and for the United Republic of Tanzania, by H.E. Mr. Mohamed R. ABDIWAWA, Minister of Finance and Planning of the Revolutionary Republic of Zanzibar
It is worth noting that BADEA’s total commitments to Tanzania as of December 2019 amounted to US$ 223 million to finance development operations in various fields