UK credit agency’s financing solutions for Tanzanian businesses

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The UK’s export credit agency has expressed its readiness to support eco-friendly projects in Tanzania with a credit guarantee of nearly 2 billion pounds (about Sh6.4 trillion). PHOTO | FILE

Dar es Salaam. The UK’s export credit agency has expressed its readiness to support eco-friendly projects in Tanzania with a credit guarantee of nearly 2 billion pounds (about Sh6.4 trillion).

The support from the UK Export Finance (UKEF) could come in the form of guarantees or direct lending in some circumstances, a senior official said on Monday.