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Covid response deflates project spending across eastern Africa

Covid response deflates project spending across eastern Africa Monday April 12 2021 A repair crew lays asphalt on a road. Infrastructure projects in the transport sector accounted for 51.5 per cent ($40 billion) of the region’s total. PHOTO | FILE | NMG Summary Sizeable drop in the number of projects and project value largely blamed on region’s inability to meet financing costs due to the effects of coronavirus. Advertisement Eastern African countries cut $68.3 billion spending on infrastructure projects last year, the largest decline in number of projects and value of projects in sub-Saharan Africa in a year. This is as a result of the economic fallout from the Covid-19 pandemic sweeping across the region, hitting public finances and pushing governments into massive indebtedness.

Tanzania: On Human Flourishing - Julius Nyerere Hydropower Station, Nation - Building Agenda and Symbol of Tanzania s Future

Tanzania: On Human Flourishing - Julius Nyerere Hydropower Station, Nation - Building Agenda and Symbol of Tanzania s Future
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