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Eastern Africa

UK Underwrites US$460 Million For Infrastructure Projects In Zanzibar

The financing will support the modernisation of Pemba Airport and 103km of road works.


By Liz Bains
UK Export Finance has agreed to underwrite €422 million (US$460 million) of financing to support the upgrade of 103km of roads and the modernisation of Pemba Airport on the archipelago of Zanzibar, Tanzania. UK firms are expected to win supply contracts worth more than €120 million on the projects. UK Export Finance worked with

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