TANZANIAN GOVT HONOURS ADESINA FOR TRANSFORMING THE COUNTRY'S ECONOMY

The Tanzanian Government has honored the President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, for his contributions to the country's economic transformation.

The AfDB in a statement on Tuesday, said the Tanzanian President, Samia Hassan, who honoured Adesina during a ceremony held in Dodoma, described him as a visionary leader and a tireless son of Africa, and renamed the 112-kilometre Dodoma Outer Ring Road after Adesina in recognition of his role in supporting Tanzania's development efforts.

The statement revealed that the road project was financed by the AfDB, with $138 million in funding from the bank, $42 million from the Africa Growing Together Fund, and $34.69 million from the Tanzanian government.

Adesina was also conferred with an Honorary Doctor of Science degree by the University of Dar es Salaam, with the Chancellor praising him as a model of excellence in leadership and development.

The AfDB, which has invested over $9 billion in Tanzania since 1971, with $4.73 billion committed during Adesina's tenure over the past decade, has also mobilized over $1.2 billion in syndicated financing for the extension of the electrified Standard Gauge Railway and is contributing over $198 million to the ongoing Msalato International Airport project.

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