Brazil Writes Off U.S.$203 Million Tanzania Debt
Brazil has officially cancelled U.S.$203 million owed by Tanzania for the 1979 construction of the Morogoro-Dodoma road. It is hoped the move will open up opportunities for trading and financing with major Brazilian financial Institutions.
Tanzania’s Ambassador to Brazil Emmanuel Nchimbi and an official from the Brazilian National Treasury, Sonia Portella Nunes, signed the agreement on behalf of their respective governments.
Tanzania: Brazil Finally Writes Off Tanzania Debt
Citizen, 18 September 2017
There is a reason to smile for Tanzania after the Brazilian government wrote off a $203 million (Sh445 billion) debt. Read more »
Citizen, 8 July 2010
Visiting Brazilian President Luiz Inacio Lula Da Silva yesterday offered to write off a more than $240 million (about Sh336 billion) debt Tanzania owes his country. Read more »
EA Business, 30 August 2008
Tanzania and Brazil are in negotiations to see how they can finish off the loan extended to Tanzania in 1979. Read more »