News
27 July 2023

UKEF, Deutsche Bank finance three road upgrades in Zanzibar

In:
Transport
Region:
Middle East & Africa

UKEF and Deutsche Bank have provided a €263 million ($291 million) loan to the Ministry of Finance of Tanzania for the rehabilitation and upgrade of 3 roads in Zanzibar.Deutsche Bank acted as a coordinating MLA, agent and lender on the two-tranche loan. The first tranche is a €242 million...

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