Dar es Salaam. In a groundbreaking move to boost Africa’s infrastructure development, the African Development Bank (AfDB) has joined forces with Deutsche Bank and France’s Société Générale to spearhead a financing syndication strategy aimed at raising up to $1.2 billion for the ambitious Standard Gauge Railway (SGR) project in Tanzania.
The agreement was officially signed at the African Investment Forum’s 2024 Market Days in Rabat, Morocco, recently.
