EAC tables over 100 million USD budget

eTurboNews
EAC Tables Over US $100 Million Budget
AllAfrica.com
Arusha — THE East African Community (EAC) has presented its budget estimates for 2015/2016 Financial Year amounting to 110,660,098 US dollars to the East African Legislative Assembly (EALA) sitting in Arusha. Dr Abdallah Sadaala Abdallah, the ...
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The Assembly late yesterday passed the EAC Supplementary Appropriation Bill 2015 providing a supplementary expenditure to the tune of USD 2,040,520 out of the budget for the Financial Year ending 30th June 2015.
Of the said amount, USD 99,840 will come from the EAC General Reserve Fund while USD 1, 940,680 is to be sourced from development partners.
The supplementary budget allocates USD 919,413 to undertake mediatory and confidence building activities prior to the upcoming May-June 2015...

The African Development Bank (AfDB) Board of Directors’ approved on 20 May 2015, a loan of USD 70,5 million to finance the Tanzania Power Sector Reform and Governance support Programme (PSRGSP). The objective of the proposed operation is to promote inclusive growth and enhanced economic competitiveness through power sector, economic and financial governance reforms. The loan agreement will be officially signed next week, at the margins of the Bank’s Annual Meetings at its Headquarters in...

                                                                     
The  Federal Republic of Germany has signed an intergovernmental agreement with the East African Community (EAC) to support regional health programmes. In total, 30 million euros (34 million USD) will be invested in vaccines and health supply chain management. German development cooperation will provide 20 million euros for the procurement of vaccines against different diseases for children in the EAC. The programme will be...

The Minister for EAC Affairs, Hon Shem Bageine holds the Budget Speech aloft at the start of the proceedings earlier today. He is flanked by the Minister for EAC Burundi, Hon Leontine Nzeyimana, Hon Dr. Abdallah Sadala Abdallah, Deputy Minister for EAC, United Republic of Tanzania and the Counsel to the Community, Hon Wilbert Kaahwa. On extreme right is the Clerk to the Assembly, Mr. Kenneth Madete. the Deputy Minister for EAC, United Republic of Tanzania Dr. Abdallah Sadala Abdallah...

*14% increase in passenger numbers between 2013 and 2014 in Africa

*100% increase in number of routes in Africa

*Schedule increased to 63 flights a week across 12 points in North and East Africa

 flydubai (http://www.flydubai.com), in its fifth year of operation, today announced its Annual Results for 2014 and reported a net profit of AED 250 million (USD 68 million) an increase of 12.3% compared to 2013 with total revenue of AED 4.4 billion (USD 1.2 billion) for the 12-month period, ending...

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USD 200 million to enhance digital broadcasting
IPPmedia
The government has invested USD 200 million to improve the Fiber Optic Cable in order to boost digital terrestrial broadcasting across the country. Communications, Science and Technology Minister, Prof Makame Mbarawa revealed this over the weekend in ...
TCRA - Only Three Regions Yet to Go Digital in TanzaniaAllAfrica.com

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WB approves 60 million USD to finance affordable housing in Tanzania
Xinhua
DAR ES SALAAM, Feb. 25 (Xinhua) -- The World Bank said on Wednesday it has approved 60 million U.S. dollars in new financing to help Tanzania develop a viable mortgage finance market for affordable housing. "The new financing will build on the ...
Drug traffickers must pay for their follyDaily News

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