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Tanzania agrees over Sh170 billion financing deal with World Bank

President John Magafuli of Tanzania

Tanzania has agreed a new over Sh100 billion ($1.7 billion) financing deal with the World Bank to fund various projects during fiscal year 2019/20, its finance ministry said on Saturday.

The agreement, which is comprised of low-interest loans and grants, includes a $400m loan for education and $300m for a poverty reduction programme.

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