Tanzania secures $305m from World Bank for Dar es Salaam port expansion

30/01/2017

The World Bank is to fund expansion of Dar es Salaam port with a $305m investment, reports Reuters. According to the bank, inefficiencies at Tanzania’s main port is costing the country and its neighbours up to $2.6bn a year. The investment would not only help tackle these inefficiencies but also increase capacity from 15m tonnes to 28m tonnes by 2020.