12 °c
London
Sunday, March 26, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Economy

World Bank signs off US$550M loan to Tanzania

The Exchange by The Exchange
March 7, 2023
in Africa, Economy, Tanzania
Reading Time: 5 mins read
825 8
0
Nigeria needs currency reform for US$1.5B World Bank loan, country director says
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

U.S.$304.93 million will go to supportive programmes in sustainable rural water and sanitation

  • 300 million US dollars is the International Development Association (IDA) concessional loan
  • Another US$ 25 million is also part of the grant money, but this time from the Global Financing Facility for Women Children, and Adolescents Multi-Donor Trust Fund.

Also read: Tanzania discovers high yielding palm oil seeds poised to boost production

Tanzania is to receive U.S.$ 550 million in a concessional loan to improve its Maternal and Child Health programme.

The World Bank loan comes along with a side package of U.S.$ 29.93 million in grant money, the government has reported.

Finance Minister, Hon. Mwigulu Nchemba issued a statement to media specifying the funds’ planned disbursement as follows: U.S.$304.93 million will go to supportive programmes in sustainable rural water and sanitation and U.S.$275 million will go directly to maternal and child health programme.

Of this money, 300 million US dollars is the International Development Association (IDA) concessional loan and the 4.93 million US dollars is a grant from the Energy Sector Management Assistance Programme (ESMAP).

Another US$ 25 million is also part of the grant money, but this time from the Global Financing Facility for Women Children, and Adolescents Multi-Donor Trust Fund.

Supporting maternal healthcare in Zanzibar

Even though the exact amount to be disbursed to Zanzibar for its maternal and child health care programmes was not made public, the island will be a beneficiary of the loan and grant money.

Also read: Credit to the private sector to spur growth in Tanzania – World Bank

Present at the signing event, a representative from Zanzibar’s Ministry of Health Director General, Dr. Amour Mohammed Suleiman shed some light on the health conditions on the island; “…statistics show that during the year 2021, the number of maternal deaths in Zanzibar was more than 75 and the deaths of infants were more than 550.”

The island’s government representative further painted a promising picture of the maternal health state of Zanzibar saying as of last year, maternal deaths decreased to between 55 and 60 and child deaths decreased to between 425 and 450.

As did the World Bank Representative, the Zanzibar government official admitted that these deaths are unnecessary since they are preventable; “Zanzibar is still working to achieve the goal of not having such deaths because most of them are preventable,” he said.

Meanwhile, back on the Mainland, where food prices are also running wild, Finance Minister Mwigulu Nchemba said the US$ 500 million in loan and grant money is part of President Samia Suluhu Hassan’s efforts in implementing the administration’s imperative for an industrial economy.

The move is a continuation of the country’s Third National Five-Year Development Plan 2021/22-2025/26 and Zanzibar Vision 2050, the minister detailed.

“WB’s financial terms are economically viable, where the interest rate is 0.75 and the grace period is long with a repayment period of 30 to 40 years, unlike other commercial loans which give a grace period of hardly two years and the repayment period does not exceed 20 years,” Finance Minister Dr. Nchemba defended the loan.

The minister said Tanzania’s national debt is well in check, that 73 percent of the national debt is multilateral, sustainable, and allows for economic development.

Notably, between 2000 and 2019, life expectancy in Tanzania increased from 51 to 65 years, and under-five mortality and infant mortality. This achievement, according to the Tanzania World Bank Country Director, Mr. Nathan Belete, is all thanks to such WorldBank loans.

“Tanzania has made important progress in improving health outcomes over the past two decades…incidences of vaccine-preventable diseases like diarrheal diseases, malaria, and HIV/AIDS have also dropped significantly,” he said.

Also read: United States Peace corps volunteers return to Tanzania

Tanzania Marriage Act still allows underage marriage

Nonetheless, the Tanzania World Bank Country Director admitted that despite the progress challenges remain and new ones have emerged.

That sad truth is, admitted Mr. Belete, “…communicable diseases continue to be a major cause of morbidity and mortality and non-communicable diseases are increasing …neonatal and maternal mortality rates are still very high.”

In his explanation as to why these manageable health issues remain persistent, the World Bank Tanzania Country representative said low quality of care, shortages and inequitable distribution of the health workforce, low functionality of health infrastructure, and a weak referral system need to be addressed to significantly improve the health sector.

However, he reassured stakeholders that; “The new Maternal and Child Health Investment Programme will help the country to improve the quality of essential healthcare services and scale up their delivery, with a focus on maternal and child health.”

While Tanzania is moving to improve its maternal and child health care, child delivery by girls below the age of 18 remains part of the problem. The law in Tanzania continues to allow the marriage of underage girls as young as 14 with the concession of a parent.

Efforts to change the law are underway but the country’s parliament is yet to Table a Bill to that end.

On 8 July 2016, the High Court of Tanzania ruled that Sections 13 and 17 of the Law of Marriage Act were unconstitutional and directed the government to change the law within one year so that the minimum age of marriage for girls is 18 years the same as that for Tanzanian boys.

In this groundbreaking ruling in the Rebeca Z. Gyumi v. Attorney General case, the High Court’s ruling reads:

“…we have no option but to find that the two provisions i.e. sections 13 and 17 of the Law of Marriage Act, Cap 29 RE 2002 are unconstitutional to the extent explained herein above. Consequently, exercising the powers vested in this court by Articles 30(5) and 13(2) of the Constitution and the Basic Rights and Duties Enforcement Act respectively, we direct the Government through the Attorney General within a period of one (1) year from the date of this order to correct the complained anomalies within the provisions of section 13 and 17 of the Law of Marriage Act and in lieu thereof put 18 years as the eligible age for marriage in respect of both boys and girls.”

Also read: Tanzania to export over 10 products under AfCFTA

The government did not agree with the ruling and appealed. Three years later the Court of Appeal denied the Attorney General’s appeal in 2019. Now, four years down the road, Tanzania is yet to Table a Bill to change the minimum marriage age despite the dangers young girls face in early pregnancies and delivery.

Underage girls’ delivery is risky as is their ability to care for the infant if the delivery is successful that is. This situation worsens Tanzania’s state of maternal and child healthcare, for which the nation is being funded to improve.

While the country awaits for the law to be enacted, maternal and child health care cannot be put on hold; the World Bank loan and international organization grants will go a long way to help save women in delivery rooms, underage or not.

Related

Source: The Exchange
Tags: child health caredevelopmentDr. Amour Mohammed SuleimanEconomyFeatureGlobal Financing Facility for Women Childrenhealthcare in ZanzibarHigh Court of TanzaniaHon. Mwigulu Nchembaindustrial economyMaternal and Child Health Investment ProgrammeTanzaniaWorld Bank signs off US$550M loan to TanzaniaWorld Bank Tanzania Countryтанзанияتنزانياタンザニア坦桑尼亚
ScanSendShare333Tweet208Share58Pin75Send
The Exchange

The Exchange

News analysis and comment from the The Exchange, a leading publication providing economic news and analysis on the capital markets of Africa, with a specific interest in Kenya, Uganda, Tanzania, Rwanda, Burundi, Ethiopia and Congo. We provide features in banking, capital markets, energy, mining, manufacturing and industrial development.

Related Posts

Travel

Radisson continues to break hotel-opening records in Africa

by Rafael Carvalho
March 26, 2023
Agriculture

Kenya devices strategies to revive cotton farming in key growing areas

by Farmers Review Africa
March 26, 2023
Travel

The worldclass hotels Obama stayed during his visits to Africa

by See Africa Today
March 25, 2023
Travel

Egypt and Marriott power hotel development in Africa

by FurtherAfrica
March 25, 2023
Travel

The couple who left Las Vegas to settle in Kenya

by See Africa Today
March 25, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Travel

Radisson continues to break hotel-opening records in Africa

by Rafael Carvalho
March 26, 2023
0

Radisson Hotel Group, one of the fastest-growing hotel companies in Africa, plans to strengthen its robust African presence in 2023...

Read more

Kenya devices strategies to revive cotton farming in key growing areas

March 26, 2023

The worldclass hotels Obama stayed during his visits to Africa

March 25, 2023

Egypt and Marriott power hotel development in Africa

March 25, 2023

The couple who left Las Vegas to settle in Kenya

March 25, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,041 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?