Stanbic Bank Commit TZS 177 Billion to Infrastructure Projects in Tanzania
Stanbic Bank Tanzania recently reaffirmed its commitment to the development of Tanzania and announced that in 2019 it provided TZS 177 billion in funding to various infrastructure development projects in the country. Providing finance and financial expertise to the private and public sector in Tanzania is a key focus for the bank. Stanbic Tanzania Chief [...]
Tanzania Economic Growth Will Depend on Business Environment Reforms, WB Say
The World Bank’s (WB) recently published its latest Tanzania Economic Update, indicating that the country was again one of the top growth performers in the region. The independent view of the WB suggests slightly improved economic activity in 2019 but at a lower rate of growth, 5.6%, up from our 5.4% for 2018. Inflation has [...]
Tanzania Secure USD 1 Bln Loan for Infrastructure Projects
A statement of the State House dated 25th November 2019, informs that the Trade and Development Bank (TDB) has approved a soft loan worth USD 1 billion to Tanzania and is currently finalizing the issuance procedures for other loans worth USD 500 Million for the implementation of various development projects in the country. On the [...]