"The objective of the commission is to oversee the
management of resources in the river basin for the
benefit of people in the two neighboring countries,"
they said in a joint statement.
The commission will
oversee implementation of various projects along the
river basin, including construction of dams for
hydropower generation and irrigation covering over 6,000
hectares on both sides, the statement said.
The two countries will seek financial support from
development partners for implementation of projects in
"We are proud to launch this commission that will
manage projects in the Songwe River Basin that will
benefit people residing within the basin from both
countries," said Aweso of Tanzania.
Aweso said power generated within the river basin
will benefit 60 percent of residents in the area and
that two irrigation schemes will be able to irrigate
3,150 hectares in Tanzania and 3,050 hectares in Malawi.
Kitila Mkumbo, permanent secretary in the Tanzanian
Ministry of Water and Irrigation, said projects to be
undertaken in the basin will cost 829 million dollars.
Construction of dams will also control floods caused
by the overflow of Songwe River that caused loss of
lives and property on both sides of the two countries,
Tanzania gets US
256.2 million dollars loan from AfDB for road
DAR ES SALAAM Tanzania
(Xinhua) -- The African
Development Bank (AfDB) on Tuesday released a
concessional loan of 256.2 million U.S. dollars to
Tanzania to support construction of a 260-kilometer
Kasulu-Manyovu road project in western region of Kigoma.
An agreement on the loan was signed in the commercial
capital Dar es Salaam between Tanzania’s Permanent
Secretary in the Ministry of Finance and Planning, Doto
James, and the AfDB Country Manager for Tanzania, Alex
James said the loan will help funding completion of
the construction of the road which was estimated to take
five years of implementation, facilitating economic
activities in the western corridor.
The official added: "This road section forms an
integral part of the Central Transport Corridor, which
plays an important role in the development and
facilitation of national and international trade flows
in the region."
He said the successful implementation of the project
will link the port of Dar es Salaam with the country’s
western regions and open up regional markets in Burundi,
Rwanda, Uganda and the Democratic Republic of Congo
He said the project will also involve development of
social infrastructure including rehabilitation of
markets and community water supply and sanitation and
construction of health centers in project areas.
AfDB Country Manager Mubiru said the signing of the
loan agreement increased the transport sector portfolio
of the AfDB Group in Tanzania to approximately 880
million U.S. dollars.
"On behalf of the AfDB, I would like to reaffirm our
commitment in supporting the people and the government
of Tanzania in their efforts to realize the aspiration
to become a middle-income country in the near future,"
said the AfDB official.
down on rule-breaking forex shops in commercial
DAR ES SALAAM Tanzania
(Xinhua) -- The Bank of
Tanzania (BoT) on Thursday announced that it has
launched a crackdown on foreign exchange shops in the
east African nation’s commercial capital Dar es Salaam
where it found several illegalities.
A statement released by the central bank said the
crackdown began on Wednesday and found most of the shops
were running the foreign exchange business by breaching
procedures, rules and regulations.
The statement said BoT has started revoking licenses
of foreign exchange shops that operated without
observing rules and regulations.
"This crackdown is continuous," said the statement,
adding that foreign exchange services were available in
all banks and banking institutions, including foreign
exchange shops owned by the Tanzania Postal Corporation.
In November last year, BoT launched a similar
crackdown in the country’s northern region of Arusha
following suspicions on money laundering and associated
BoT Governor Florens Luoga said the closure of
foreign exchange outlets in Arusha for inspections was
part of a countrywide crackdown against masterminds of
syndicates behind money laundering and those operating