Tanzania will get 100.8b shillings from France to expand access to safe water and improved sanitation services in three regions, Dar es Salaam-based Daily News newspaper reported, citing Finance Minister Saada Mkuya.
Tanzania’s energy regulator said it’s considering expressions of interest by two companies to each build a 200-megawatt gas-fired power plant that will help reduce an energy deficit in the East African nation.
Tanzania may delay its debut Eurobond until its next fiscal year after a delay in getting a risk assessment by Citigroup Inc. slowed the issuing of credit ratings, Finance Ministry Permanent Secretary Servacius Likwelile said.
Tanzania-Zambia Railway Authority is finalizing a deal that could more than triple the volumes of maily copper transported by Netherlands-based trading company Trafigura Beheer BV over its network, a spokesman said.
For Grant Felgenhauer, a money manager whose hedge fund owns $110 million of Iraqi equities, the 15 explosions that reverberated across the country in a single day earlier this month weren’t a reason to stop buying.
Major cities in developing countries struggle to get funds for infrastructure projects from international financing institutions, adding to the inequality between poor and rich cities, Johannesburg Mayor Parks Tau said.
Zambia’s Northwest Rail Company Ltd. has signed an agreement with South African transportation company Grindrod Ltd. to build a railway connecting mines owned by Canada’s Barrick Gold Corp. and First Quantum Minerals Ltd.