AfDB Partners with Deutsche Bank and Société Générale to Mobilize $1.2 Billion for Tanzania’s SGR Project
The African Development Bank (AfDB) has signed a coordination agreement with Deutsche Bank and Société Générale to mobilize up to $1.2 billion for the construction of Tanzania’s Standard Gauge Railway (SGR). This agreement was formalized during the African Investment Forum’s 2024 Market Days in Rabat, Morocco, as stated in an official AfDB release. The funds will support the development of a 411-kilometre railway line connecting Tabora and Kigoma in western