Zanzibar schools to get major facelift with CRDB’s Sh240bn loan
Zanzibar President, Dr Hussein Ali Mwinyi (centre) witnesses the signing of a €80 million loan agreement for the construction of 23 double-storey schools in Unguja and Pemba. Signing the deal are CRDB Bank CEO, Abdulmajid Nsekela (second left), and Permanent Secretary in the President’s Office – Finance and Planning Zanzibar (second right), Dr Juma Malik Akil. Looking on are CRDB Bank acting director of Legal Services and Company Secretary, Frank Mukoyogo (first left), and director of Legal Services in the President’s Office – Finance and Planning Zanzibar, Mr Mohammed Fakihi Mzee. The event was held at State House, Mnazi Mmoja in Zanzibar on May 21. PHOTO | THE CITIZEN CORRESPONDENT
Zanzibar. Zanzibar is set to construct 23 double-storey modern schools across Unguja and Pemba following the signing of a €80 million (about Sh240 billion) loan agreement between CRDB Bank and the Zanzibar government.
The financing deal was signed on Wednesday, May 21, 2025 by CRDB Bank CEO, Mr Abdulmajid Nsekela, and the Permanent Secretary in the President’s Office (Finance and Planning – Zanzibar), Dr Juma Malik Akil.
