Machibya Shiwa

Built World

In office

Tanzania signed a $1.2 billion commercial loan on November 4 to build a 411-kilometre electrified railway from Tabora to Kigoma, on the shore of Lake Tanganyika. Nine banks provided the money. An $800 million partial credit guarantee from the African Development Bank covers $720 million of the lending if Tanzania defaults.

Updated 2 hours ago