Tanzania: China’s Exim Bank Support Zanzibar to Continue

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The Government of the United Republic of Tanzania and the Exim Bank of China on Friday signed two concessional loan agreements to finance the Tanzanian National Information and Communication Technology (ICT) Broadband infrastructure Backbone Network Project and upgrading of the Zanzibar International Airport.

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Under the current constitution, formulated following the union between Tanganyika (mainland) and Zanzibar in 1964, the Government of Tanzania has control over “Union matters” and the Government of.

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According to the agreement, the Exim Bank agreed to provide the Tanzanian government 481 million yuan to support the upgrading of Tanzania’s Zanzibar International Airport Terminal II. Once implementation began in February 2012, estimates of the whole project costs total $704 million yuan, although Tanzania had only secured 481 million.

Lately, China and Tanzania have taken on up to 19 projects worth billions of dollars. Some of these projects have been financially backed by the Chinese state-owned Exim Bank. One of these deals involves the construction of the multi-billion-dollar port at Bagamoyo, (some 45km northwest of Dar es Salaam) the capital of Tanzania.

Dodoma – Exim Bank of China is set. had already signed an agreement with the China-based bank and anytime will dole out the money. He said that about 4,136 houses in 17 regions both in Zanzibar and.

Dar es Salaam. Exim Bank-Tanzania projects to increase its exposure in lending to Trade by 30 per cent beginning in year-2018. This is in an effort to support the government in its industrialization agenda that aims to make Tanzania a semi-industrialized, middle-income economy by 2025.

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Exim Bank (T) Ltd. P.O.Box 1431 Dar es Salaam, Tanzania. Phone: 0800 780 111. Email: customercare@eximbank.co.tz Please submit your enquiry in the adjacent form. Do ensure that the e-mail address mentioned is correct.