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Tanganyika Announces $2,800,000 Loan from Israel for Large Projects

March 14, 1963
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Paul Bomani, Tnaganyika Finance Minister, returned from Israel today and announced details of plans for expenditure of a $2,800,000 credit negotiated with Israel last week. He said that, under the agreement, Israel will provide machinery and funds for an irrigation project, for a government housing project and for a luxury tourist hotel overlooking the Dar-Es-Salaam harbor.

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