×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

African Development Bank approves over Sh100b in loans to Tanzania

The African Development Bank (AfDB) has approved a loan package worth $1.1 billion to Tanzania to be paid out over five years to fund infrastructure projects and improve public sector governance, it said.

The line of credit will be used primarily to support the transport and energy sectors and improve the business environment in east Africa's second-biggest economy.

Get Full Access for Ksh299/Week
Bold Journalism Builds Kenya. Stand With Credible Reporting
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in