Saturday, May 28, 2022
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Tanzania’s economy gets $50m boost from OPEC

Christiana Unakalamba by Christiana Unakalamba
February 19, 2021
in BUSINESS & ECONOMY
0
Tanzania's economy gets $50m boost from OPEC
0
SHARES
5
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

To boost economic opportunities and improve access to social services for more than 900,000 people in Tanzania, the Organisation of Petroleum Exporting Countries had made available a $50m loan to the East African country.

OPEC Fund for International Development disclosed yesterday that the loan would be used to finance the Fourth Tanzania Poverty Reduction Project.

READ ALSO

Banking fraud amid increasing biometrics adoption

AI, tech and accounting profession

OPEC Fund Director-General, Dr. Abdulhamid Alkhalifa, said, “The OPEC Fund has been committed to helping Tanzania reduce poverty and improve socio-economic conditions for many years.

Read Also:

  • Dissecting Nigerians' savings culture amid socio-economic headwinds
    Dissecting Nigerians' savings culture amid socio-economic…
  • Banking fraud amid increasing biometrics adoption
    Banking fraud amid increasing biometrics adoption
  • Chioke: For the love of alma mater
    Chioke: For the love of alma mater

“The present loan will help communities to help build capacity, strengthen food security and household incomes, as well as improve access to social amenities. We have a strong partnership with Tanzania and look forward to seeing more progress on key development indicators in the near future.”

The OPEC Fund/Tanzania partnership has spanned 45 years during which the OPEC has committed more than $370m for 38 public sector operations (including the present project) across a wide range of sectors.

Although Tanzania has made progress in reducing poverty over the past decade, around 26 million people – close to half the total population – live on less than $1.90 per day. The Tanzanian government has launched a number of programmes to tackle this challenge, including social safety nets and three previous phases (also co-financed by the OPEC Fund) of the new project.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: EconomyOPECTanzania

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Christiana Unakalamba

Christiana Unakalamba

Related Posts

Banking fraud amid increasing biometrics adoption
Technology

Banking fraud amid increasing biometrics adoption

May 25, 2022
AI, tech and accounting profession
Technology

AI, tech and accounting profession

May 16, 2022
Nigeria and push for 5G rollout
Front Page

Nigeria and push for 5G rollout

May 9, 2022
Questions on Nigeria’s approach to blockchain adoption
Front Page

Questions on Nigeria’s approach to blockchain adoption

May 2, 2022
Prudential Zenith Life meets NAICOM’S recapitalisation deadline  
Front Page

Dynamics and unsung roles of insurance

April 8, 2022
Energy crisis buffet Nigeria small businesses
Front Page

Energy crisis buffet Nigeria’s small businesses

April 6, 2022
Next Post
Sasol counts gains of adopting SAP Ariba

Sasol counts gains of adopting SAP Ariba


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Banking fraud amid increasing biometrics adoption

Banking fraud amid increasing biometrics adoption

May 25, 2022
Dissecting Nigerians' savings culture amid socio-economic headwinds

Dissecting Nigerians’ savings culture amid socio-economic headwinds

May 25, 2022
Collaboration and organisational growth

Collaboration and organisational growth

May 24, 2022
Bears retain grip on Nigerian stocks

NGX reverses five-week gain as index dips by 0.22%

May 23, 2022
Newly-built Obioma school set for academic activities

Chioke: For the love of alma mater

May 22, 2022
Now that land borders are open…

Now that land borders are open…

May 20, 2022
Grant, loan and bootstrapping for SMEs

Grant, loan and bootstrapping for SMEs

May 18, 2022

TRENDING

  • Newly-built Obioma school set for academic activities

    Chioke: For the love of alma mater

    2 shares
    Share 0 Tweet 0
  • Banking fraud amid increasing biometrics adoption

    2 shares
    Share 0 Tweet 0
  • Dissecting Nigerians’ savings culture amid socio-economic headwinds

    0 shares
    Share 0 Tweet 0
  • NGX reverses five-week gain as index dips by 0.22%

    2 shares
    Share 0 Tweet 0
  • AI, tech and accounting profession

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Posting....