Strengthening Cooperation for Affordable Capital in Zanzibar's Development
Latest Tanzania economy news · Strengthening Cooperation for Affordable Capital in Zan… explained · updated Aug 10, 2026 · economy news · GDP · investment
TLDR
- Dr Mwinyi made the remarks today, August 10, 2026, when he met the President and Chief Executive Officer of the Trade and Development Bank (TDB), Admassu Tadesse, and his delegation at the Zanzibar House in Unguja.
- ZANZIBAR: ZANZIBAR President, Dr Hussein Ali Mwinyi, said his government is continuing to explore new and affordable sources of financing to implement major strategic projects and accelerate the development of Zanzibar.
- Dr Mwinyi stressed the importance of strengthening cooperation between the government, international financial institutions and the private sector to ensure Zanzibar secures affordable capital to finance its development.
- He said the bank could support Zanzibar through various financing mechanisms, including project preparation financing, investment financing and affordable capital.D TDB expressed its readiness to work with the Zanzibar.
- The partnership is expected to strengthen Zanzibar’s access to capital for major infrastructure projects and sectors that drive economic growth, while expanding the role of financial institutions and the private sector.