Tanzania urges Citibank to expedite credit rating

What you need to know:

The rating, he said, would enable Tanzania to measure its position in the international financial markets and assist prospective lenders in the assessment of the risks.

In her remarks, the minister of State in the Zanzibar President’s Office (Finance and Planning), Ms Saada Mkuya Salum, said they held discussions with executives from Japan’s Mitsubishi Bank, adding that the discussions went well. She said the Japanese lender pledged to help Tanzania with development loans which will be issued on affordable terms. She said the loans will seek to expedite the implementation of the existing and new strategic development projects across Tanzania. In Zanzibar, she said, the loans will be directed towards the implementation of projects that are directly linked to the blue economy and development of infrastructure projects that have a direct impact on lives of people in the Isles. These include development of seaports, airports, roads, electricity and energy, tourism and fisheries among others.

Tanzania urges Citibank to expedite credit rating

What you need to know:

Latest

Indian, Zanzibar doctors to provide free specialist services

Family recounts horror as son kills father, takes own life in Tanzania

Samples for two suspected Ebola cases in Nigeria turn out negative

Tarmac laying begins as Mbeya highway congestion eases

Zanzibar seeks Chinese investors for hotel furniture, food factories

Tanzanian Court frees ex-cop jailed for 20 years over standard gauge railway cable sabotage

In the headlines

Global banks retreat as African banking giants continue to grow

Hunger, unsafe living conditions trap students in ‘ghetto' rentals

Dar’s modernisation raises concerns over livelihoods

Tanzanian looks to bring home German healthcare experience

What you need to know:

Global banks retreat as African banking giants continue to grow

New model creates opportunities for Tanzanians to own fuel stations

Indian, Zanzibar doctors to provide free specialist services

Family recounts horror as son kills father, takes own life in Tanzania

Samples for two suspected Ebola cases in Nigeria turn out negative

Tarmac laying begins as Mbeya highway congestion eases

Zanzibar seeks Chinese investors for hotel furniture, food factories

Tanzanian Court frees ex-cop jailed for 20 years over standard gauge railway cable sabotage

Global banks retreat as African banking giants continue to grow

Hunger, unsafe living conditions trap students in ‘ghetto' rentals

Dar’s modernisation raises concerns over livelihoods

Tanzanian looks to bring home German healthcare experience