The Tanzania Ports Authority (TPA) is planning to spend Sh10 billion to modernise and otherwise improve the infrastructures of all the ports on Lake Victoria.
TPA's Lake Victoria ports manager, Mr Morris Mchindiuzi, named the ports which will be improved as including Nyamirembe in Geita Region; Magagani and Nyamkwikwi in Kagera Region; Lushamba and Ntama in Mwanza Region, as well as Mwigobelo in Mara Region.
The World Bank has promised to give Tanzania a $1.7 billion credit facility in the financial year 2019/20 for financing various economic and development projects.
A statement released by the ministry of Finance says the World Bank vice president for Africa, Hafez Ghanem, during a meeting with the minister for Finance Dr Philip Mpango in Washington. Mr Ghanem said relations between the country and the Bank are good and that the Bretto...