Tag: loan deal

World Bank approves $450 million loan for Tanzania, what you need to know

The World Bank has approved a $450 million loan to Tanzania, the bank said on Friday, signalling the release of the first tranche of funds to the East African nation that were frozen last year because of concern over government policies.

Rwanda secures $269mn loan to improve electricity supply

Rwanda’s government and the African Development Bank (AfDB have signed a US$269 million loan deal to finance Rwanda’s power projects of improving electricity supply in the country. CNBC Africa filed this report.