“I see the African Development Bank as the best partner for our development,” said President John Pombe Magufuli at the weekend in celebration of the 54th anniversary of the United Republic of Tanzania.
Magufuli praised the bank for financing projects that have had a transformative impact in his country.
“On behalf of the people of Tanzania, I would like to thank the Bank for the support it has provided to Tanzania over the years, which has contributed positively to our country’s socio economic development and transformation.”
The high-impact projects executed by the Bank have spanned improved water and sanitation, roads construction, energy and several infrastructure development interventions across the country.
Also speaking at the event, AfDB’s President Akinwumi Adesina said: “I want to assure you of the total support of the African Development Bank as you drive fundamental reforms for your country. I will also like to commend your government on the exceptional 7% growth rate that it has achieved, the highest in the East African region and one of the highest in the world.”
Financing Stiegler’s Gorge hydropower plant
According to Reuters, the President urged the development bank to finance a 2,100MW hydroelectric plant at Stiegler’s Gorge. Read more: Stiegler’s Gorge power project to commence construction
The government invited bids in August for the Stiegler’s Gorge project and hopes to begin construction works in July.
Speaking with journalists, Adesina said: “President Magufuli is very committed to ensure that the country industrialises, but you cannot industrialise unless you have access to electricity.
“The president is very keen to talk to us about the Stiegler’s Gorge project...he mentioned that to us and we are going to be looking at that with him and the government, but we are also very keen to look at other alternative sources of energy.”