Market News

Dodoma — European Investment Bank (EIB) is set to decide on a proposal to upgrade and expand four airports, which are lined-up for fund receipt after completing the initial stage of scrutinising the contractors.   The EIB had agreed to fund a special programme of transforming transport . . .

Dar es Salaam — The Tanzania-Zambia Railway Authority (TAZARA) has secured new orders to transport at least 165,000 tonnes of freight for various companies on the Copperbelt Province of Zambia this year following a renewed confidence to the hauler.   A statement issued by the company's . . .

Dar es Salaam — Tanzania should open up its Dar es Salaam port to trudge cargo volume, expand and build new transport links to make Tanzania a regional hub while turning the country as Dubai of East Africa, the East African Business Week can report.   "The Dar es Salaam port is an engin . . .

Construction of the first 300-kilometre stretch of the standard gauge railway between Dar es Salaam and Morogoro begins from next month to mark the beginning of one of the major infrastructure projects under the second Five-Year Development Plan (2016/17- 2020/21).   State-owned Reli Assets H . . .

A joint venture between a Turkish and a Portuguese firm has won a tender for construction of 205 kilometres of Tanzania's standard gauge railway, part of the 1,216km stretch that will eventually link Dar es Salaam with the rest of the country as well as with Rwanda and Burundi.   The project, . . .