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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).

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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.

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).

Bismillah-ir-Rahman-ir-Rahim

His Excellency President Karume and Mrs. Karume
Honourable Deputy Chief Minister of Zanzibar
Honourable Chief Justice
Honourable Minister Mansour Himid, and I thank you for your very kind words
Excellencies, Distinguished Guests, Ladies and Gentlemen

It is a distinct pleasure for me to be part of this great occasion - in this very special setting.

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).

The restoration of Forodhani Park is intended to be part of a larger seafront rehabilitation programme, encompassing: construction of the seawall; underground infrastructure including water, storm and sewer lines; and, the creation of a pedestrian promenade, including planting, street lighting and street furniture along the sea side.

H.H.The Aga Khan arrived in Mombasa on 22nd July for AKDN work, meetings with government officials in the East Africa region.

He landed in Nairobi on 25th and will be visiting the AKUH the next day leaving on 28th for Dar es Salaam and then heading to Zanzibar for the opening of the Forodhani Park on 30th.

Princess Zahra is presently in Nairobi since 20th July for AKU Board of Trustees meetings.

President Mkapa, Honoured Guests and Ladies and Gentlemen, thank you very much for being with us today. Your presence on this important occasion is very special to us.Mr. President you have been a most staunch supporter of a new Aga Khan University Institute for Educational Development here in Dar-es Salaam. And you have espoused vigoursly the launching of a new Academy.