Eastern Africa
UBA approves additional US$40m funding for Tanzania Hydro Power project
The United Bank for Africa (UBA) has approved additional funding of US$40 million for the 2,115 megawatt Julius Nyerere Hydropower project under construction in Tanzania.
This brings the total funding provided by the Bank for the project to US$406 million, as the Bank had previously provided US$366 million in support to the project.
The Julius Nyerere Hydroelectric Power Station project, also called the Rufiji Hydroelectric Power Station, is a hydroelectric dam being constructed across the Rufiji River
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