Loan to help fund Tanzania road

A new loan will help fund a Tanzanian road project.
Finance & Funding / December 9, 2021 30 seconds Read
By MJ Woof
New road works will improve transport in southern Tanzania - image courtesy of © Sjankauskas, Dreamstime.com
A new loan of US$116.5 million will help pay for road works in Tanzania. The loan is being provided by the African Development Bank (AfDB). This will be used to help pay for construction and maintenance work on the road connecting Minvata with Newala district in Tanzania’s Mtwara Region.

The improved road link will provide a transport connection to Mtwara Port and provide a necessary economic boost to the region, in the south of Tanzania and alongside the border with Mozambique.
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