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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.

December 9, 2020

By Staff Writer
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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