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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Tanzania requests 150 mln USD loan
from World Bank to finance projects       

DAR ES SALAAM Tanzania (Xinhua) -- The government of Tanzania on Friday requested a 150-million-U.S.-dollar loan from the World Bank to finance projects aimed at boosting economic growth and improving public service delivery in the east African nation.

Philip Mpango, the Minister for Finance and Planning, announced the loan application during talks in Dar es Salaam with the visiting World Bank Group Senior Director for Macroeconomics, Trade and Investment Global Practice, Felipe Jaramillo.

The loan application was still in its initial stages, the Ministry of Finance said in a statement at the end of the talks.

Mpango said the Tanzanian economy has been growing at a steady pace of around 6-7 percent per annum, enabling the government to continue providing social services and invest in various development projects, said the statement.

“The government is determined ... to invest in various infrastructure projects such as roads, railways, electricity and airports,” said the statement.

Mpango said despite achieving rapid economic growth over the past decade, Tanzania still faces a number of key challenges, including high levels of youth unemployment, poverty and slow growth of the agriculture sector, which employs around 70 percent of the population.

Jaramillo, the World Bank senior official, commended President John Magufuli’s government for pursuing sound macroeconomic policies, fighting corruption, cutting wasteful public spending and improving domestic revenue collections.

He advised the government to step up investments in human resource development and public infrastructure in order to build a sustainable economy.

Jaramillo also urged the government to improve the business climate to woo more foreign direct investment inflows into the country.

The World Bank said in November last year that Tanzania’s gross domestic product (GDP) growth was expected to slow in 2017, hurt by cuts in government spending and a private sector slowdown.

The World Bank forecast Tanzania’s full-year GDP growth at 6.6 percent versus the government’s 2017 revised growth target of 7 percent.

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EARLIER REPORT:

11 killed in two separate road accidents in Tanzania 

DAR ES SALAAM Tanzania (Xinhua) -- At least 11 people were killed and scores of others were injured on Sunday in two separate road accidents in Tanzania, police said.

In one of the accidents, six people were killed and six others were injured after a commuter bus collided head-on with a truck ferrying sand, said Dodoma Regional Police Commander Gilles Muroto.

Muroto said the accident occurred at Ntyuka area in Dodoma region, and that all the dead were travelling in the truck.

“Initial investigations revealed that the accident happened because the brake of the truck suddenly failed,” said the police officer, adding that the bus had no passengers on board.

In the other accident, five people were killed in Morogoro, an eastern Tanzanian region, after a coach ferrying passengers from Dar es Salaam to Tunduma on the Tanzania-Zambia border, collided with a mini-bus.

Morogoro Regional Commissioner Ulrich Matei said the victims were passengers in the mini-bus and that there were no casualties aboard the coach.

           

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