DAR ES SALAAM β The National Assembly has unanimously approved a 1.12 trillion shilling budget allocation for the Ministry of Water for the 2026/27 financial year, with the government pledging to address concerns raised by Members of Parliament through alternative financing mechanisms, including bond issuance.
Minister for Water, Jumaa Aweso, told parliament that the ministry is exploring the issuance of water infrastructure bonds to raise additional funds for projects. This move aims to supplement the approved budget and accelerate the implementation of water supply and sanitation projects across the country.
The bond financing plan is part of broader efforts to mobilize resources for the water sector, which faces significant funding gaps. The government has not yet provided details on the bond's size, interest rate, or issuance timeline.
MPs during the debate raised concerns about delays in water projects and inadequate funding for rural areas. The ministry assured that the bond proceeds would prioritize underserved regions.
