{"id":38322,"date":"2021-10-08T18:01:42","date_gmt":"2021-10-08T18:01:42","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=38322"},"modified":"2021-10-08T15:17:52","modified_gmt":"2021-10-08T15:17:52","slug":"mwinyi-asks-badea-to-support-the-blue-economy-policy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/mwinyi-asks-badea-to-support-the-blue-economy-policy","title":{"rendered":"Mwinyi asks BADEA to support the blue economy policy"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>ZANZIBAR President Dr Hussein Mwinyi yesterday asked the Arab Bank for Economic Development in Africa (BADEA) to support the blue economy policy for social and economic development of the country.<\/p>\n

President Mwinyi described the Khartoum-based bank as Zanzibar\u2019s best development partner with its financial support spanning from education, health and infrastructure sectors.<\/p>\n

Speaking to the visiting BADEA Managing Director, Dr Sidi Ould TAH, Dr Mwinyi commended the financial institution for its new strategies in the funding of agriculture, economic empowerment of wananchi and supporting youth and women.<\/p>\n

He said the revolutionary government has resolved to fully pursue the blue economy, underscoring the need for the Arab bank to support the ambitious policy and vision.<\/p>\n

President Mwinyi appreciated BADEA\u2019s continued development efforts in Zanzibar, saying the bank\u2019s investments in various sectors have improved the welfare of the islanders, socially and economically.<\/p>\n

The visiting CEO assured the president of the bank\u2019s commitment to continue working closely with the government in the country\u2019s development drive.<\/p>\n

During the conversations, Dr Ould unveiled the bank\u2019s new 2030 strategy, which reflects increased loan and grant opportunities, thanks to increased capital from shareholders.<\/p>\n

Dr Ould arrived is the isles on Wednesday afternoon and met the Minister of State, President\u2019s Office, Finance and Planning over deliberations on funding of various projects in Zanzibar.<\/p>\n

During the discussions, Minister Jamal and Dr Ould agreed to modify their working style and speed up project implementation. The two sides committed themselves to start a new chapter in their working relations.<\/p>\n

Speaking at the afternoon meeting, Minister Jamal decried the slow pace of BADEA-funded project implementation, saying the undue delays were denying wananchi the right to enjoy the benefits of especially the infrastructure projects.<\/p>\n

The Arab bank has funded over 15 projects in Zanzibar in health, education and infrastructure but five of them have not yet been completed. \u201cIt\u2019s high time the continuing projects were completed to give wananchi the intended benefits,\u201d the minister said.<\/p>\n

Massive renovation works at Mnazi Mmoja Hospital in Unguja and construction of Chakechake-Wete road projects are among the ongoing projects.<\/p>\n

The minister appreciated the bank\u2019s support in construction of road infrastructure, education and health but asked for more support, especially in construction of low-cost educational infrastructure, including school dormitories.<\/p>\n

\u201cZanzibar has acute shortage of boarding schools, which are essential for conductive learning environment,\u201d he said, underscoring the need to have more technical colleges to train home grown experts in the blue economy.<\/p>\n

Dr Ould shared the government concerns on project delays, pledging to change and adopt a speedy model. \u201cThe rate of project approval remains low; at an average of three to five years per project though there is a possibility of implementing the project within a year.\u201d<\/p>\n

He said speedy project implementation is one of the bank\u2019s new strategies, noting that BADEA is eager to support Zanzibar in the development of value chain in the blue economy.<\/p>\n

\u201cThe focus is now on new projects of high size and large impact\u2026speed in project implementation is possible but it needs partnership and collaboration from both sides,\u201d said Dr Ould, hinting that the bank envisages using satellites in project monitoring.<\/p>\n

\u201cWe are ready to help, facilitate and speedily execute the projects,\u201d he said, \u201cWe need tedious plans to achieve that.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. ZANZIBAR President Dr Hussein Mwinyi yesterday asked the Arab Bank for Economic Development in Africa (BADEA) to support the blue economy policy for social and economic development of the country. President Mwinyi described the Khartoum-based bank as Zanzibar\u2019s best development partner with its financial support spanning from education, health and infrastructure sectors. 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