World Bank approval of US$ 200M fundings for a flood prevention project in Dar es Salaam 

The World Bank approved a $200M loan to finance the Msimbazi Basin Development Project in Dar es Salaam. In addition, both Spain and the Netherlands will provide US$ 30M funding to the project. Beyond building infrastructure, the project will also encompass preventative resettlement, continent emergency response, and institution strengthening. 

Source: The Citizen 

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