A donation contract worth 6 billion shillings that is to be used to develop activities in the Lake Victoria basin was signed by the East African Community and Finland. The project will take a period of five years and the EAC secretariat said the amount will be released in three installments that is 800,000Euros in 2011, 500,000Euros in 2012 and in 2013, 700,000Euros will be released.
At the Monday ceremony that was held at the EAC headquarters, H.E. Juhani Toivonen the Finnish Ambassador of Tanzania said the donation showed that Finland was too interested in developing East African countries and the areas near the lake have developed economically because of the lake.
Amb Juma Mwapachu, the EAC secretary general, said Finland has been so interested in the community for many years that is why the agreement was signed.
He also said the lake is very important to not only the East African countries but also the whole world because it is one of the major factors that influence climate. Many people depend