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Browsing: Dar es Salaam Stock Exchange (DSE)
- This project is expected to improve and increase water supply from 96 per cent to 100 per cent in Tanga City.
- The government of Tanzania adopted the Alternative Project Financing (APF) strategy in 2021
- Mark Napier, CEO of FSD Africa, commended the collaborative effort behind the Tanga UWASA Green Bond.
The first ever Sub-national Water Infrastructure Green Bond in East Africa, worth $20.8 million, has been issued by Tanga Urban Water Supply and Sanitation Authority (Tanga UWASA), an autonomous water utility.
This landmark transaction would fund the expansion and improvement of sustainable water supply infrastructure and environmental conservation within Tanga City and nearby townships. The 10-year project revenue bond listed at the Dar es Salaam Stock Exchange (DSE) offers an attractive interest rate of 13.5 per cent per annum to be paid semiannually.
The government of Tanzania adopted the Alternative Project Financing (APF) strategy in 2021 because of the need …