Zanzibar to Build 23 School Buildings with TZS 240 Billion CRDB Bank Loan
Zanzibar has secured a TZS 240 billion (approximately $103 million) loan from CRDB Bank to construct 23 double-storey school buildings, marking a significant investment in the region’s education infrastructure.
Key Details of the Project
The loan agreement was signed on 21 May 2025, paving the way for the construction of modern educational facilities across Zanzibar. The project aims to:
- Enhance learning environments with modern infrastructure
- Address classroom shortages in the region
- Improve access to quality education
Impact on Zanzibar’s Education Sector
This ambitious project represents one of the largest investments in Zanzibar’s education sector in recent years. The new school buildings will feature:
- Modern classrooms designed for optimal learning
- Improved facilities for both students and teachers
- Capacity to accommodate growing student populations
Partnership with CRDB Bank
The financing arrangement with CRDB Bank, Tanzania’s largest bank by assets, demonstrates the private sector’s commitment to supporting educational development in the region. The bank has been actively involved in financing major infrastructure projects across Tanzania.
The project is expected to contribute significantly to Zanzibar’s educational goals and economic development, creating jobs during the construction phase and improving long-term educational outcomes.
Source: TanzaniaInvest