Stories from Tanzania

The Tanzania Meteorological Authority (TMA) has issued a warning for potential flooding in several residential areas following heavy rainfall. The TMA advises residents in affected areas to be vigilant. The warning comes after rainfall was observed in multiple regions.

Standard Chartered is reportedly arranging a $2.2 billion loan to fund railway development in Tanzania. The financing is intended to support critical infrastructure expansion within the country. This move marks a significant investment in East African transport networks. Standard Chartered Bank has arranged a $2.33 billion syndicated financing facility for the Standard Gauge Railway project in Tanzania. The arrangement was finalized on Tuesday.