African Development Bank

Built World

Proposed senior lender

Mozambique's cabinet approved a financing structure for the Coral Norte floating gas project that lets developers borrow up to 70% of a $7.2 billion budget while keeping the debt off the state's books. A decree dated November 4 sets the ceiling and bars lenders from using guarantees in ways that would touch national sovereignty, regulatory powers or ownership of natural resources.

Updated Yesterday

Built World

Initial mandated lead arranger and guarantor of record

Tanzania signed a $1.2 billion commercial loan on November 4 to build a 411-kilometre electrified railway from Tabora to Kigoma, on the shore of Lake Tanganyika. Nine banks provided the money. An $800 million partial credit guarantee from the African Development Bank covers $720 million of the lending if Tanzania defaults.

Updated 2 days ago

Built World

Providing financing and technical support for the corridor

Algeria has invited contractors to bid on a 341-kilometer railway section through the Sahara, along the El-Menea–In Salah–Tamanrasset corridor. On 20 October 2026, Public Works Minister Abdelkader Djelloui chaired a meeting to finalise preparations for starting work on the wider Laghouat–El Menia–In Salah–Tamanrasset line.

Updated Oct 20