The Latest

Tanzania to Issue Eurobonds to Finance Infrastructure

January 7, 2013
1 minute read

The Tanzanian Minister for Finance and Economic Affairs, Dr William Mgimwa confirmed the government intentions to issue Eurobonds to finance its infrastructure development in the country.

The financing is especially aimed at road and rail networks projects.

According to Dr Mgimwa’s recent announcement, the government is keen to execute the issuing later this year or next year provided certain technical matters are worked out.

TANZANIA BUSINESS & INVESTMENT GUIDE 2026

Previous announcements were made about the government’s intention to issue Eurobonds when earlier in 2012 the Directorate of Presidential Communication made public an agreement in principle with HSBC to facilitate the process of issuing between USD 700 Million and USD 1 Billion to finance infrastructure projects.

The Eurobonds are said to have a pay-back period of between 50 and 60 years.

Tweet
Share
Share
Share
Related Posts
IMF Tanzania flag
Read More

IMF Concludes Staff Visit to Tanzania, Reports 5.4% Growth in Q1 2025 Supported by Strong Performance in Mining, Agriculture, Manufacturing, and Construction

The IMF concluded its mission to Tanzania in September 2025, reporting 5.4% growth in Q1 2025, low inflation at 3.4%, and strong performance in mining, agriculture, and manufacturing. In 2025, high gold prices and strong tourist arrivals are expected to sustain export momentum and help maintain a moderate current account deficit.
Tanzania Lake Victoria Water and Sanitation Project upgrade
Read More

Lake Victoria Water and Sanitation Project Completes €150 Million Upgrade in Mwanza, Improving Water Access for 450,000 People

The €150 million Lake Victoria Water and Sanitation Project has expanded and upgraded water and sanitation systems in Mwanza and surrounding towns, with the new Butimba Water Treatment Plant providing 44,000 cubic meters of water per day to 450,000 people. The project was funded by AFD, EIB Global, the EU-Africa Infrastructure Trust Fund, and the Tanzanian government.