BRAZIL has officially cancelled 203 million US dollars debt owed by Tanzania accrued from a loan secured from the South American economic power house in 1979 for construction of Morogoro-Dodoma road.
Tanzania's Ambassador to Brazil, Emmanuel Nchimbi and a senior officer in Brazil National Treasury, Dr Sonia Portella signed agreement for cancelling the debt at an event held at Tanzania's Embassy in Brazil capital city of Brasilia, according to a statement issued yesterday.
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