Showing posts with label AfDB. Show all posts
Showing posts with label AfDB. Show all posts

Wednesday, October 03, 2007

No news day

Why is it so hard to find out what's going on in Tanzania? A trawl through international news sites like the New York Times, BBC, Guardian and Reuters rarely turns up any news about Tanzania.

That's because in Tanzania there is no Darfur genocide, no Zimbabwe inflation, no Nigerian murders of Colombian oilmen, no Congolese Ebola. I guess that Tanzania is a quiet corner of the world that is getting on with improving the way things are run.

I did discover that there was a regional trade forum in Tanzania last weekend where Donald Kaberuka, the president of the African Development Bank (AfDB) noted that many African economies are booming, with growth rates of 7%.

Donald Kaberuka

He said that 60% of AfDB's current loan portfolio goes to the core of the productive sector – energy, roads, irrigation, water and sanitation projects.

In the next loan period, the AfDB will have twice the internal funds to lend at low interest rates to support African development. International donors will add to this, giving countries even greater access to funds.

Donald Kaberuka is a very upbeat guy –
I'm very bullish about African economies over the next couple of years. What is important is for African countries to build on the current boom.

As usual, the good news doesn't make the headlines.

The School of St Jude is full of good news and solid achievement. So, when you tire of the attention-grabbing bad news headlines, come and check out the energetic, active high achievers at the School of St Jude.