AfDB, AFD extend $300m in funding to Tanzania’s Kakono hydroelectric plant

The government of Tanzania, the African Development Bank (AfDB) and the French Development Agency (AFD) have signed agreements for two development project loans worth $300-million to finance the construction of the 87.8 MW Kakono hydropower plant in Tanzania.

Located in the Kagera region, in the northern part of Tanzania, the hydroelectric project also received a grant of €36-million from the European Union (EU).