His Highness the Aga Khan yesterday assured Zanzibar of continued support in undertaking development projects, including setting up a microfinance scheme that will provide loans amounting to more than Sh1 billion.
Speaking during the opening of the refurbished Forodhani Park, the Aga Khan said the initiative would offer about 1,000 loans to different segments of Zanzibaris.
Forodhani Park has been rehabilitated by the Aga Khan Trust for Culture (AKTC) at a cost of $3 million (Sh3.9 billion) from the initial estimates of $2.4 million (over Sh3 billion).
Please downloak the full brief from the PDF link below.
Stone town seafront rehabilitation: forodhani park
The restoration of Forodhani Park in Zanzibar's historic stone town has been completed, thanks to a $2.4 million (over Sh3 billion) funding by the Aga Khan Trust for Culture (AKTC)).
The popular outing place, one of the attractive features in the Isles will be inaugurated later this month.
The restoration project has transformed the historic park - one of the last open spaces in the densely populated world heritage site - and upgraded its social and recreational amenities.
US$ 2.4 million Revitalisation of Forodhani Park in Zanzibar’s Historic Stone Town Completed - 2009-07-29Posted July 31st, 2009 by heritage
Zanzibar, 29 July 2009 – The US$ 2.4 million restoration of Forodhani Park in Zanzibar’s Historic Stone Town has been completed by the Aga Khan Trust for Culture (AKTC).