DAR ES SALAAM, Aug 7 (NNN-DAILYNEWS) — The European Union (EU) has announced a substantial financial payment of TZS 97 billion (EUR 33.12 million) as a grant to support the Government of Tanzania’s ongoing sectorial reforms.
This disbursement is aimed at fostering socio-economic development and enhancing the resilience of Tanzanian citizens.
The funding is allocated across five key sectors, each of which is crucial for the country’s growth and stability.
These are:
Blue Economy: Developing a climate-resilient blue economy along Tanzania’s coastal regions, including Zanzibar and the Indian Ocean.
The funds will support governance reforms, capacity building, and enhance inter-ministerial coordination. The Ministry of Finance and the Vice President’s Office for Environment will lead this effort.
Green and Smart Cities: Focused on promoting sustainable urban development in Mwanza, Tanga and Pemba, this support aims to improve living standards by enhancing environmental sustainability, creating economic opportunities, and improving public services, especially for women and youth.
Gender: Dedicated to advance gender equality and empowering women and girls, the funding will seek to address gender-based violence, promote economic empowerment, and support women’s participation in leadership and decision-making processes.
Digital4Tanzania: Aiming to leverage digitalisation for economic growth and improved public services, it includes expanding the Tanzania Government Communications Network and enhancing cybersecurity measures, in line with the Personal Data Protection Act.
Finance for Growth: It has a focus on improving fiscal governance and access to finance.
It will enhance domestic resource mobilisation, support financial market infrastructure, and promote public-private dialogue, particularly benefiting Micro, Small and Medium Enterprises, notably in favour of women and youth.
This financial assistance, called “budget support”, is part of the EU’s ongoing partnership with Tanzania, aligning with the EU’s Global Gateway strategy, which aims to bolster infrastructure and development through public and private sector investments.
“We are pleased to continue our support for Tanzania’s growth and development.
These funds are not just an investment in the present but a commitment to the country’s future,” said Christine Grau, EU Ambassador to Tanzania, adding, “By focusing on areas such as the Blue Economy, urban development, gender equality, digitalisation, and financial growth, we are helping to build a more resilient and prosperous Tanzania.” — NNN-DAILYNEWS
