Tanzania, April 11 – The capital of United Arab Emirates (UAE), Abu Dhabi has loaned East African country Tanzania close to $15 million to bolster the infrastructure in Tanzania. The financial aid by the second most populous city in UAE is an additional fund to a previously funded project by the same.
The Government of Tanzania is in dire need to upgrade the road works in the country to better trading activities and effective linking of cities. Poor infrastructure in Africa have slowed the economic upturn of the countries as they struggle to transport goods and people.
Abu Dhabi Fund for Development (ADFD) has worked closely with the Sub-Saharan government to aid in the different infrastructure projects in the country. ADFD hopes to help Tanzania reach the socio-economic status of the rural area, to spur development on the national level. Infrastructure in Tanzania has been given attention by the government
Better infrastructure open business opportunities and help the economy to function adequately. The project could see the country link up with Burundi and DR Congo, which will be a massive cutting edge to boost international connectivity. The roads and bridges to be built will undoubtedly be costly, but with the financial aid, Tanzania should get things up and running.
ADFD has been supporting similar and major developments in Africa, understanding their vital roles they play in the economic success of a country. As Tanzania strives to be a semi-industrial state in the near future, such physical systems of investments are stepping stones to the destinations. Trade in East Africa is highly dependent on better infrastructure.
The aviation sector in the country is as well picking up, with energy sectors as well keeping pace with the dynamics of change in the country. Key partnerships will boost the development projects, creating jobs and bringing revenue to the government. With international boundaries, foreign exchange could be a great advantage in increasing the numbers from the export value. The economic development will make it competitive in the region. Africa’s economic development is low but slowly picking up.