Tanzania’s port sector gains trigger World Bank reversal, says President Samia

President Samia Suluhu Hassan presents an award for outstanding dividend contribution to the Chairman of the TPA Board, retired IGP Ernest Mangu, accompanied by TPA Director General Plasduce Mbossa.

What you need to know:

The Tanzania Ports Authority (TPA) reportedly collected Sh325.3 billion in just five months, according to Chief Government Spokesperson Gerson Msigwa.

Dar es Salaam. President Samia Suluhu Hassan said on Tuesday, June 10, 2025 that the World Bank, which initially declined to fund Tanzania’s port development, later reversed its decision after observing the government’s progress in upgrading the sector.

Speaking at State House on Tuesday during a dividend handover ceremony from state-owned institutions, President Hassan said the World Bank’s renewed interest—now offering a $500 million (about Sh1.3 trillion) loan—was prompted by the country’s demonstrated capability to finance and manage port improvements independently.