Nedbank Corporate and Investment Banking (CIB) is proud to have participated as lead arranger, in partnership with Deutsche Bank, in closing a €450 million, 7-year lending facility for Tanzania’s Ministry of Finance to finance approximately 50 infrastructure projects set out in its 2022/2023 budget.
Our continued support of infrastructure development in sub-Saharan Africa speaks to our underlying investment philosophy, which holds that infrastructure is the pathway to a thriving economy that provides a foundation for economic growth, inclusive social cohesion and climate resilience. In this regard, the facility for Tanzania will support the construction and rehabilitation of roads, the construction of new hospitals, the rehabilitation and expansion of educational facilities, and will also support potable water and electricity projects across various regions in the country.