FRENCH government through French Development Agency (AFD) has pledged to grant Tanzania soft loan ranging between 50 to 100 million Euro (about 240bn/-) annually for executing various development projects.
This was said in Dar es Salaam yesterday
by the French ambassador to Tanzania Ms Malika Berak in a meeting with
the Vice President Samia Suluhu Hasan to brief the progress of the
preparations of the forum to be held in Dar es Salaam in April this
year.
She said the funds would help the
country implement various development projects particularly in water and
environmental cleanness and power projects. Ambassador Berak told the
Vice President that the business forum aiming at building and improving
business ties between Tanzania and France was progressing well.
She said the forum will discuss in
details investment opportunities particularly in areas of energy,
transport, information and communication technology and development
projects. The business forum will bring together Tanzania and French
business community to exchange experiences necessary for the health of
their businesses.
On her part, Vice President Samia Suluhu
Hasan commended French government for the pledge to support development
projects aimed at reducing poverty in the society.
She told the French ambassador that
Tanzania remains committed and will maintain the friendly relation with
France for the benefits of the people of the two countries.
Also VP commended the French government
through its embassy in the country for organising the business forum
that will bring together experts from various sectors to discuss on
investment opportunities. She said the fifth government will continue to
improve investment climate by among others fighting corrupt practices
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