Tanzania, Germany sign Sh78.6bn grant deal for climate resilience and conservation
The Permanent Secretary of the Ministry of Finance, Dr. Natu El-maamry Mwamba (right), and the Director of the German Development Bank (KfW) in charge of East Africa and the European Union, Mr. Christoph Tiskens, signing three grant agreements worth 25.68 million euros (equivalent to 78.58 billion shs) for water projects, the Climate Resilient Towns project and the Natural Resources Conservation project, known as the Project for Sustainable Development of Protected Areas, at the Conference Hall of the Sub-Office of the Ministry of Finance, in Dar es Salaam on July 9. PHOTO | COURTESY
The grant will fund three major initiatives: Sh45.90 billion will support the Project for the Sustainable Development of Protected Areas; Sh30.60 billion will be channelled to the Investment Financing Facility – Output Based Approach (IFF-OBA); and Sh2.08 billion will fund a feasibility study for climate-resilient towns
