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Browsing: Poverty in Tanzania
Tanzania’s Social Action Fund (TASAF), a poverty-reduction base will get a $562 million loan to support its second phase.
According to information from The Citizen, over $800 will be spent during the five years of implementing the phase, officially launched earlier today by Tanzania’s President John Magufuli.
Also, the information revealed that the rest of the amount will be sourced from various other development partners including the Opec Fund for International Development set to issue $50 million.
However, TASAF director-general Ladislaus Mwamanga, highlighted that the programme goals are set to empower poor households with funds, known as ‘Productive Social Safety Net’ with which they can conduct their income-generating activities.
The safety net which was initiated in 2000, had over 1.1 households in Tanzania with over 5.2 people enrolled in the programme.
During the launch, it was revealed that TASAF spent over $692 million in poverty alleviation programmes national wide.
Also, …