FMO and Symbiotics provide $32.5 mln to support ZOLA’s Tanzania operations

The Dutch development bank (FMO) signed with ZOLA Electric and Symbiotics a $32.5 million finance facility.

The FMO-arranged senior loan will consist of $5 million from the Access to Energy Fund (AEF), which catalyses the investment of $12.5 million from FMO-A and $15 million from Symbiotics. The tenor of the loan is five years. ZOLA Electric borrows the money in its local currency, the Tanzanian shilling.

Source: Press Release



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