Tanzania will receive a $1.1 billion loan package from the African Development Bank as the country seeks to crack down on public sector corruption and improve infrastructure. The East African country recorded strong economic growth of 7 percent in 2014, but much of the population still lives in poverty. President John Magufuli has launched a crackdown on corruption and lavish spending since his election in October 2015, firing dozens of port officials in December 2015 after thousands of containers disappeared without taxes being paid on them and forcing new government officials to publicly sign a pledge of integrity before entering office. The Bank said on Thursday that the loan would “address ...
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