Issue sovereign bond to fund railway project, govt advised

What you need to know:

  • Debating the budget estimates for the Ministry of Works, Transport and Communications on Friday evening, Mr Kabwe noted that since getting foreign assistance was difficult, the best way to finance the project would be through selling the bond to Tanzanians — at home and in the diaspora.
  • Works, Transport and Communications minister Makame Mbarawa on Thursday tabled before in Parliament his office budget for the 2017/18 fiscal year.

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