Tanzania secures $195m budget support from EU
Wednesday July 05 2023
Tanzania President Samia Suluhu Hassan (centre) with Finance Minister Mwigulu L. Nchemba witness the signing of three grant agreements by Finance Permanent Secretary Natu El-Maamry Mwamba and EU ambassador to Tanzania Manfredo Fanti in Dodoma on July 4, 2023. PHOTO | STATE HOUSE DODOMA
Tanzania has signed three grant agreements valued at 179.35 million euros ($195 million) with the European Union to support budget operations.
President Samia Suluhu, who witnessed the signing ceremony in Dodoma on Tuesday, said the grants would accelerate the implementation of development programmes in the country.
“The money will be used to promote policy changes and industry growth in the blue economy, finance for growth, gender equity, green energy, and smart cities, as well as the renovation of rural roads in the southern highlands region,” she said.
The EU head of delegation to Tanzania, Manfredo Fanti, said the funds are part of $262 million grant budget support for Tanzania from 2021 to 2027.
Read: EU bank to invest $574m in Tanzania
The money, he said, is expected to contribute to the implementation of the Global Gateway, the new EU strategy to boost smart, clean, and secure links in the digital, energy, and transport sectors and to strengthen health, education, and research systems worldwide.