AfDB grants Tanzania $140m loan for hydropower project
A power plant. Tanzania is set to receive a $140 million loan from the African Development Bank Group (AfDB) to finance a hydropower project. PHOTO | FILE | NMG
Tanzania on Friday signed loan agreements with the African Development Bank Group (AfDB) totalling $140 million to finance power generation and electricity connectivity.
The agreements cover a $120 million sovereign loan from the Bank and $20 million from the Africa Growing Together Fund (AGTF), administered by the Bank.
