Tanzania: Dar es Salaam to Spend U.S.$ 247.6 Million On Development Projects
17 October 2012
AllAfrica.com (East African Business Week) - DAR ES SALAAM, Tanzania is expected to spend $247.6m grant in development projects for three-year, thanks to the excellent bilateral cooperation with the Germany government.
Both governments have said that the main areas of support for this grant should cover between 2012 and 2014 and will be directed to cover water, health, natural resources and energy, including renewable energies.
Minister for Finance and Economic Affairs, Dr. William Mgimwa told East African Business Week that some of the funds will also be channeled to the general budget support as one of the priorities set by the government of Tanzania.