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Abu Dhabi’s $105m boost to Tanzania’s energy sector

Abu Dhabi Fund for Development
Mohamed Saif Al Suwaidi, director general of Abu Dhabi Fund for Development and Mwigulu Nchemba, minister for finance of Tanzania signing the agreement

State-backed Abu Dhabi Fund for Development (ADFD) has signed an AED387 million ($105.4 million) loan agreement with Tanzania’s government to enhance energy security in the country. 

The project aims to fully connect the Kagera administrative region with the national electricity grid, reducing dependency on energy imports from Uganda. The move will provide sustainable and safe electricity sources to communities, economic areas and service facilities.

Mohamed Saif Al Suwaidi, director general of ADFD, said that the project was a significant step towards developing Tanzania’s energy sector and ensuring sufficient electricity supplies to meet the population’s needs sustainably. 

“The fund will collaborate with Tanzanian partners to support their development programmes and work towards the strategic objectives of accelerating energy projects globally for the betterment of developing countries’ societies,” he added.

Tanzania’s finance minister Mwigulu Nchemba emphasised that the project’s financing will reduce energy import dependency, stimulate economic activities, develop existing industries and create job opportunities for the population.

ADFD has previously financed six development projects in Tanzania, including the Kidaho-Uvinza road and the Kagera Sugar project.  

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