Tanzania has received a $1 billion syndicated loan from the Trade and Development Bank for infrastructure projects.
In 2016, the government agreed to a $7.6 billion loan from China’s Export-Import Bank to build a railway line that will link to neighbours.
The Trade and Development Bank is now finalising procedures for releasing other additional loans worth $500 million for implementation of various development projects.
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The country wants profit from its long coastline to upgrade rickety railways and roads to serve growing economies in the East and Central Africa.
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