Market News

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 chan . . .

 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 su . . .

 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 Re . . .

Strandline Resources have conducted a definitive feasibility study (DFS) for the Fungoni heavy mineral sands project in Tanzania and have concluded with results of a strong financial performance.   The study has shown that the company will need to invest $30m in developing projects, while i . . .

Turkish Firm Yapi Merkezi Insaat VE Sanayi is the project contractor for a high-speed electric railway line and will undertake all designing and construction activities. The Turkish company is a renowned, privately owned firm of great repute in rail engineering, manufacture, design, and constructio . . .