M a r k e t N e w s

Tanzania: Aga Khan Development Network to Invest U.S. $1 Billion (Sh1.6 Trillion)in Expansion Plans for Tanzania

Posted on : Wednesday, 20th August 2014

THE recent visit by His Highness the Aga Khan has opened up Tanzania to greater investments in the economic and social development of the country.

 
 

The current Aga Khan, who has been a friend of Tanzania since before independence is a keen follower and partner in the socio-economic development of mostly underdeveloped or developing nations, especially in Africa and Asia. Shah Karim's love for Tanzania has amply been proved by his frequent visits to the country having also attended the Independence celebrations of Tanganyika in 1961.

 
 

The AKDN agencies presently active in the country span from social sectors such as health and education, to economic and cultural such as banking, tourism, telecom, insurance, infrastructure, cultural and historic cities Programmes in Zanzibar to name a few.

 
 

"You have been a dependable partner of Tanzania's and Tanzanians' development. You have made invaluable contribution and extended invaluable support to our development endeavours," so remarked President Kikwete at the dinner hosted in honour of His Highness the Aga Khan at the State House on August 18, 2007.

 
 

During his most recent visit to Tanzania in the first week of this month, the Aga Khan presided over a series of meetings including the Board of Trustees of the Aga Khan University (AKU) both in Dar es Salaam and Arusha. At the meetings, Trustees from five continents made key decisions to expand the university's presence as a multi-disciplinary university of international standing in the East African region.

 
 

AKU's guiding vision is to educate a cadre of leaders who have a deep understanding of the issues and problems important to the region and the skills to creatively and effectively address such problems.

 
 
 

According to a press statement issued by the Aga Khan the university's mission is to educate exceptional individuals from across East Africa who have the potential to transform society. Admission to the university will be based on talent and financial aid will be provided based on need.

 
 

AKU has a historic commitment to enabling access and to developing student potential. To build on its well-established international reputation for providing world-class education as well as health services in its teaching hospitals, the university's board reviewed plans for adding new faculties, schools and programmes to transform AKU into a comprehensive university in East Africa.

 
 

The AKU's ambitious plans in East Africa include adding a Faculty of Arts and Sciences, a Faculty of Health Sciences, a permanent facility for its Institute for Educational Development and eight graduate professional schools, with the initial focus on Media and Communications, Hospitality, Leisure and Tourism and Leadership and Management.

 
 

The total investment over 15 years is estimated at 1.2 billion US dollars of which approximately 1 billion USD will be spent in Tanzania. Prince Zahra Aga Khan, Head of the Social Welfare Department of the AKDN and a Trustee of the University, also participated in the meetings.

 
 

During the visit, the Chancellor (the Aga Khan) and the Princess met with the leadership and board of the Aga Khan Hospital in Dar es Salaam to review expansion plans for a regional Heart and Cancer Centre.

 
 

This major expansion of the hospital in Dar es Salaam is part of the growing AKDN integrated health system, which includes existing hospitals in Kisumu, Mombasa and Nairobi and new hospitals planned for Arusha, Mwanza and Kampala.

Source : allafrica.com
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