The court?s ruling, which was released on Tuesday, adds to pressure on the East African nation.
Tanzania expects to raise cashew nuts production by 33. 5% in the year to September 2020.
The financing comes from the bank?s International Development Assistance (IDA), which gives grants or low-interest loans to the world?s poorest countries.
Tanzanian lenders are facing increased supervision after a surge in non-performing loans eroded capital and dampened profits.
Equinor, alongside Royal Dutch Shell, Exxon Mobil and Ophir Energy, plan to build a $30 billion onshore liquefied natural gas (LNG) plant.
Sanjeev Kumar, who denied the charges at a court in the commercial capital Dar es Salaam, was sent to remand prison.
North Mara is Acacia?s largest mine, producing 336,055 ounces of gold last year, comprising 65 percent of the company?s output.
Cargo volumes at the port of Dar es Salaam are expected to rise as much as 25 percent this year.
Tanzania's government has agreed a deal to buy back a 35-percent stake in a state-run telecoms company from the local subsidiary of India's Bharti Airtel.
Tanzania’s state-owned power utility was seeking a 67. 9 percent hike in electricity tariffs to tackle rising power generation costs, a senior official said this ...
Resource-rich countries should curb illicit financial outflows and set up sovereign wealth funds to manage windfall revenues from hydrocarbon and mineral exports, ...