Tanzania: TDB to grant $660M to boost economy
Thursday, 12 July 2018 17:36
Trade and Development Bank (TDB) will approve $660 million in financing to Tanzania to boost economic growth, The Exchange revealed June 12.
According to information relayed, the financing is timely as the country plans to attract the most of investment required to fund its budget by lifting key sectors. In Tanzania, agriculture employs over 60% of the working population. The sector would receive the largest share of investment, ahead of sectors such as infrastructure, trade and oil.
Let’s recall that TDB, which specializes in trade and development in Africa, is the financial arm of the Common Market for Eastern and Southern Africa (COMESA). It is however also open to non-member States of COMESA.
Moutiou Adjibi Nourou
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