Tanga Uwasa to issue Sh50 billion water bond

Dar es Salaam. The first water infrastructure green revenue bond to be issued by a government institution will go live this month as public organisations seek new ways of raising development funds so as to reduce pressure on the Treasury.

Tanga Urban Water Supply and Sanitation Authority (Tanga Uwasa) is issuing a bond later this month as it seeks to raise Sh53.12 billion to finance water development projects in the region.