Tanzania Building Agency (TBA) Study Tour to the Abuja Investment Company Limited

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On 22nd of April, 2026 the TBA delegation also met with the Abuja Investment Company Limited, discussions focused on Public-Private Partnership (PPP) models for infrastructure financing, culminating in a site visit to the Garki Ultra-Modern Market a practical example of successful PPP implementation. This visit provided valuable, hands-on insights aligned with TBA’s mandate, further strengthening knowledge exchange and cooperation between Tanzania and Nigeria.
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Kagera-Based Kakono Hydropower Project Receives Funding From African Development Bank (AfDB)



Tanzania embarked on an industrialization drive towards attaining middle income economy by 2025, and achieved it in 2020. However, the Government continues to work hard to equip the economy for the targeted job creation and economic growth, which will drive and advance the industrialization process.

The Government in its bid to expand the country’s power base, a requirement for sustainable industrialization, has signed a loan agreement of $161,74million with the African Development Bank (AfDB), as part of the funds required for executing the Kagera-based kakono hydropower project. The project is estimated to cost Tsh. 700billion and will be jointly financed through loans and grants from the European Union, Agence Française de Développement (AFD) Group and AfDB.

Link: https://www.thecitizen.co.tz/tanzania/news/national/tanzania-signs-sh375-billion-deal-with-afdb-for-hydropower-project-4161250

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