Tanzania, July 23 -- Dar es Salaam. Tanzania will on Friday, July 24, list its inaugural Tanzanian shilling-denominated offshore bond on the London Stock Exchange (LSE), marking a major step in the government's efforts to diversify financing for development projects and deepen access to international capital markets.

Finance Minister Ambassador Khamis Mussa Omar is in London to officiate the listing, according to a statement issued yesterday by the Ministry of Finance.

The bond, whose value has not been disclosed, is backed by the International Finance Corporation (IFC), the World Bank's private sector financing arm.

The listing comes as Tanzania accelerates investment in major infrastructure projects, including the Standard Gauge Rail...