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    World Bank Approves $292 Million for Zanzibar's Infrastructure Projects

    Eunniah
    By Eunniah Mbabazi
    - June 24, 2021
    - June 24, 2021
    African Wall StreetInfrastructure
    World Bank Approves $292 Million for Zanzibar's Infrastructure Projects

    The World Bank has approved a $292 million fund for infrastructure projects in Zanzibar, in the wake of Tanzania’s decision to opt for donor funding for mega projects.

    This will enable Zanzibar residents to benefit from reliable and affordable electricity as well as modern water and transport infrastructure.

    The money is in addition to $4.9 billion the World Bank had already approved to help push mega projects in the country.

    The government had been using its own internal resources to implement key development projects following a decision by foreign donors to withhold funds. Donors had withheld funding in the wake of allegations of human rights violations and repressive government policies during John Magufuli’s reign.

    See Also:

    Sub-Saharan Africa slips into Worst Recession in 60 years-World Bank

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