Tanzania/November 15, 2018/Stanley Tashobya/185 views /Tanzania Tanzania: AfDB Signs Sh358.24bn Deal to Support Tanzaniashare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancelBy Gladys Mbwiga Dar es Salaam — The African Development Bank (AfDB) has signed three agreement worth $156.39 million (Sh358.236 billion) with the government of Tanzania to support major development projects. Out of the $156.39 million, $123.49 million is a loan for the construction of North-West Grid (Nyakanazi-Kigoma),$13 million loan for the initiative to prevent Aflotoxin contamination and $20 million in form of grant by Global Agriculture and Food Security Programme to support the same course. ALSO READ Tanzania: Don - 3,600 Cardiac Surgeries Performed in TzSpeaking today, November 15, during the signing of the agreement, the permanent secretary of the ministry of Finance and Planning, Mr Dotto James, said that the loans from AfDB, have less conditions. “The loans have friendly terms. Their interest is almost zero and the loan repayment period is 40 years,” he said. ALSO READ Tanzania: Motorcycle Accidents Kill Over 8,300 Operators, Injure Over 38,000 Others in a Decade, Parliament HearsFor his part, AfDB country manager, Dr Alex Mubiru, said the Kigoma transmission line intends to improve power supply and lower energy production cost. “This will relieve Tanesco of a financial burden of about $9.44 million spent annually on running Kigoma and Kasulu diesel power plants,” he said. This year, AfDB has signed agreements totaling $213.4 million to support three key projects in the country. Leave A Comment Below Related Tags:Tanzania share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleBukola saraki Says Adams Oshiomole Lacks Moral Ground To Remain In Politicsnext articleBukola saraki Says Adams Oshiomole Lacks Moral Ground To Remain In PoliticsRelated Posts1 share Tanzania/November 15, 2018 Africa’s Agribusiness Tipped At U.S.$1 Trillion Business By 20308 shares Tanzania/November 15, 2018 Tanzania: Windfall for Cashew GrowersTanzania: Who Owns the Media in Tanzania?Tanzania: Dar Lined Up for U.S.$140 Million Credit to Train ExpertsTanzania: Wall Around Tanzanite Mines Has Started Paying OffTanzania: Dar es Salaam Ties Up Cashews Loose EndsSouth Africa: SA Journalist Angela Quintal, Colleague Back in Their Hotel in Tanzania, but Without PassportsEast Africa: SA Journalist Angela Quintal Issues SOS From TanzaniaAfrica: A Woman Online, in TanzaniaTanzania: SA Journalist and Media Activist Angela Quintal Interrogated in Tanzania