EU Launches Board in Tanzania to Drive Youth Action and Empowerment

Europe Tanzania

Aside from the launch of the YSB, Europe Day celebrations, underscored the strong EU – Tanzania partnership. Ambassador Grau elaborated on various collaborative areas including business and trade, investments and inclusive development.

“Through our Global Gateways approach, we want to support our partners such as Tanzania to build the capacity, the networks and the bridges necessary to join the global markets as equal, unleashing the economic development potential of the country,” she added.

Honourable Minister for Finance Dr. Nchemba acknowledged the EU as a key strategic partner, noting the substantial financial support from Tanzania. He mentioned the Tanzanian government has received support amounting to TZS 6.4 trillion (EUR 2,394 million) as grants and TZS 1.5 trillion (EUR 573 million) as concessional loans from the European Investment Bank.

“We equally appreciate the EU’s significant support through regional frameworks such as the East African Community and the Southern African Development Community. The EU's commitment to uplifting African nations through these partnerships has been instrumental in our development journey,” said Nchemba.

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SOURCE European External Action

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