World Bank Commitment to Upgrade Central Corridor into Economic Corridor

TLDR

• The World Bank has committed to upgrading the Central Corridor into an economic corridor to drive industrial activity and job creation in Tanzania.
• This commitment was announced by Dr. Ndiame Diop, the World Bank's Vice-President for Eastern and Southern Africa, during a meeting with Finance Minister Khamis Mussa Omar.
• The partnership will focus on investing in key infrastructure, including ports and railways, and expanding the rail network to Burundi for better regional connectivity.
• Dr. Diop emphasized the need for inclusive investments along the corridor to enhance value addition in sectors like agriculture, agro-processing, mining, and mineral processing.
• The establishment of logistics hubs and ensuring community benefits from investments are also key priorities in this initiative.