Tanzania: Banking operations are performing better than expected, according to mid-term review of the Tanzania National Strategy Document 2021-2025.
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The African Development Bank’s Medium-Term Implementation National Strategy Paper for Tanzania 2021-2025 shows significant improvements in access to drinking water and the country’s road conditions.
Dodoma, Tanzania, 24 November 2023 – Mid-term review of the African Development Bank’s Tanzania Country Strategy Paper (CSP) says operations implemented over the past two years and planned during the period have exceeded expectations. According to CSP 2021-2025 was published on November 9th.
Access to potable water in the project area of Arusha, which was 60 percent of the population in 2019, now stands at 81 percent, exceeding the target of 75 percent set for 2025.
Utilization of basic sanitation services in the same region also improved from 17 percent in 2019 to 25 percent in 2022, and is on track to reach the target of 30 percent by 2025. These achievements were made possible by the establishment of this facility. Construction of 473km of water pipes and 184km of drainage pipes.
“African Development Bank Group support aims to improve the quality and sustainability of Tanzania’s infrastructure by building high-quality intermodal transport facilities, improving electricity production and transmission and distribution networks, and developing water supply and sanitation systems. “The mid-term review found that important results were achieved during the first half of the CSP implementation period,” said Jacob Oduor, African Development Bank’s Chief Country Economist for Tanzania.
A total of 120km of main roads have been upgraded from gravel to standard asphalt, compared to the medium-term goal of 111km. In terms of the project’s gender impact, women account for more than 30 percent of the more than 1,500 local jobs created by the Bank’s various transport sector interventions.
Other ongoing projects in the transport sector are expected to achieve further gains between June 2023 and the end of CSP implementation in December 2025. These include building or renovating schools, hospitals, markets and community wells, as well as planting trees to mitigate impacts. About climate change.
Additionally, the civil works carried out as part of the Transport Sector Support Program should reduce travel time within the project area from eight hours to three hours.
Furthermore, thanks to ongoing hydropower projects, the target of 136.5 MW of renewable energy production is expected to be achieved by the end of 2025.
Finally, 394 of the planned 2,285 km of high-voltage transmission lines have been constructed under the Kenya-Tanzania 400 kV Power Interconnection Project and are nearing completion, while the remainder will be supplied from Kenya-Tanzania. be. Malagarasi Hydropower Project and the Northwest Transmission Project.
At CSP Interim as of June 30, 2023, African Development Bank Group’s active portfolio in Tanzania consisted of 25 operations with a total value of USD 2.75 billion.
Distributor Africa Media Agency (AMA) On behalf of the African Development Bank.
post Tanzania: Banking operations are performing better than expected, according to mid-term review of the Tanzania National Strategy Document 2021-2025. It first appeared african media agency.
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Source: guardian.ng