Market News | Buildexpo Tanzania 2018

Market News

  • CONSTRUCTION WORK IN FULL SWING THE TALLEST BUILDING IN AFRICA

    Posted on :Saturday , 20th January 2018

    'The Pinnacle’ in Nairobi, Kenya, with a height of 300m is on track to become the tallest skyscraper in Africa, easily exceeding South Africa’s 223m Carlton Centre. With the foundation stone laid by Kenyan President Uhuru Kenyatta, construction has begun on the mega structure.

    Located in Nairobi’s vibrant financial hub called Upper Hill and situated at a distance of . . .

  • East Africa Upbeat About Economic Prospects for 2018

    Posted on :Friday , 1st December 2017

    An expansion in communications, transport and construction sectors is being eagerly expected by East African economies for the year 2018. 

    Tanzania's economy is expected to expand by 7.1 per cent in 2018, up from an estimated 7 per cent this year and it’s Finance and Planning Minister Philip Mpango has vowed to boost public investment in infrastructure, including a standard g. . .

  • Mega port project in Tanzania gets a landmark go-ahead

    Posted on :Wednesday , 29th November 2017

    Government of Tanzania has approved a major project to develop a port and an adjoining industrial zone in Tanzania by the Oman Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts).

     
    The proposal includes dredging of the navigational channel, construction of a port and logistics park, and the development of the po. . .

  • BAGAMOYO PROJECT - Comprehensive project proposal has been accepted

    Posted on :Friday , 17th November 2017

     China Merchants Port comprehensive project proposal has been agreed and accepted by the Tanzanian government which has now officially submitted its letter of approval for the Bagamoyo Special Economic Zone venture. According to Tanzanian Ambassador to China Mr Mbelwa Kairuki, the letter was submitted to the China Merchants Port Managing Director, Bai Jingtao, on the 10th of November, 2017. . .

  • Kenya-Tanzania, transnational highway project set to start in 2018

    Posted on :Friday , 17th November 2017

     With the African Development Bank (AfDB) looking for financial partners capable of investing US $385.2m towards the construction of the highway connecting Kenya and Tanzania, construction work on the US $751.3m Kenya-Tanzania Highway is set to begin in 2018.

     
    According to AfDB Chief Regional Program Officer, Lawson Zankli, US $289m has already been set aside fo. . .

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