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AfDB to lend Tanzania $140mn to

build 50-MW Malagarasi HPP

TANZANIA THE AfDB has agreed to lend $140mn to the objectives of the country’s Vision 2025.
Tanzanian government to finance the construc- It also aligns with two of the bank’s High Five
tion of the 50-MW Malagarasi hydropower plant strategic priorities, namely: Light up and Power
(HPP) in Western Tanzania. Africa and Improve the quality of life for the peo-
Two agreements cover a $120mn sovereign ple of Africa.
loan from the bank and $20mn from the Africa “The signing of the loan agreements is
Growing Together Fund (AGTF), which is another testimony of our joint commitment to
administered by the bank. working together to support Tanzania’s devel-
Emmanuel M. Tutuba, Permanent Secretary opment aspirations. Malagarasi Hydropower is
at the Tanzania Ministry of Finance and Plan- one of the flagship projects in Tanzania’s Second
ning, and Nnenna Nwabufo, director-general of Five-Year Plan. We appreciate the trust the gov-
the Bank Group’s East Africa Regional Develop- ernment has put in the African Development
ment and Business Delivery Office, signed the Bank and we are committed to remaining a
agreements. privileged and trusted partner of choice,” said
The funds will be used to construct the plant Nnenna Nwabufo, director-general of the bank’s
and an evacuation transmission line, as well as to East Africa Regional Development and Business
add 4,250 rural electrification connections, pro- Delivery Office.
viding reliable renewable energy to households, The project is one of six transformative infra-
schools, clinics and small and medium-sized structure projects, with a total value of $1.12bn,
enterprises (SMEs) in the Kigoma Region. that the AfDB has approved in Tanzania over the
“I would like to re-affirm the government’s last three years.
commitment to working closely with the bank The AfDB’s total ongoing commitment in
in efforts to realise our national and international Tanzania, about $2.33bn in value, covers the key
development aspirations. The government will sectors of transport, energy, water supply and
take all necessary measures to ensure successful sanitation, agriculture, governance and finance.
implementation of this project as planned,” said The Africa Growing Together Fund is a facil-
Emmanuel Tutuba, Permanent Secretary at the ity sponsored by the People’s Bank of China and
Tanzania Ministry of Finance and Planning. administered by the AfDB.™
The project is part of Tanzania’s Second Five-
Year Development Plan and will also advance the

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