World Bank Group | Africa Inc.

Tanzania secures US$245m loan from World Bank for phase 3 of Dar Bus Rapid Transit

March 19, 2021March 19, 2021 Frank

TANZANIA – The government of Tanzania has secured a total of US$245 million in loans from the World Bank for the construction of phases 3 and 4 of the Bus Rapid Transit (BRT), a senior official has revealed to The Citizen newspaper Phase Three of the BRT project involves the construction of infrastructure projects across the 23.6-kilometre stretch of Nyerere Road from Gongo la Mboto to City Centre and parts of Uhuru Road from Tazara to Kariakoo Gerezani while phase 4 involves the construction of a 16.1-kilometre stretch along Bagamoyo…

World Bank provides US$230m for commercial agriculture in Angola

October 30, 2020October 30, 2020 Frank

ANGOLA – The World Bank and the French Development Agency have made available US$ 230 million to support Commercial Agriculture Development Project (PDAC) in Angola. The four-component project will help reduce and, in some cases, do away with obstacles in the country’s agriculture, aimed at speeding up the process of commercialization, said the project’s coordinator, Pedro Dozi. Speaking to Angop, Dozi said that the objective is to help increase aggregate production per standard unit in the selected value chains and support the rise in average gross sales by agricultural /…