Tanzania: AfDB lends $140m for Malagarasi hydro

Issue 440 - 10 Jun 2021

The African Development Bank (AfDB) on 28 May signed loan agreements with the Tanzanian government worth $140m for the construction of the 50MW Malagarasi hydropower plant. The AfDB has agreed a $120m sovereign loan, with the remaining $20m provided by the AfDB-administered Africa Growing Together Fund.

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