Market News

Aim-listed Kibo Mining has awarded the Engineering, Procurement and Construction (EPC) contract for the construction of the power plant element of the Mbeya coal-to-power project (MCPP) to Chinese contractor, SEPCO III.   Located in Tanzania, the MCPP includes a 250 - 350 MW mine mouth power . . .

Sumbawanga — Chief Justice Mohamed Chande Othman said here that the 12.3bn/- given to the judiciary by President John Magufuli for building and rehabilitating courts has enabled ten districts to have modern buildings.   The Chief Justice revealed this when he met Rukwa Regional Commissi . . .

Zanzibar — China's MCC Overseas Company has signed a contract to build the Zanzibar Amber Resort in Matemwe Village. The resort will be one of the biggest in the East African region, say project owners.   The signing ceremony, witnessed by dignitaries including Speaker of the Zanzibar H . . .

Construction of a multitrillion shilling fertiliser plant with envisaged daily production capacity of 3,850 tonnes is scheduled to start in Kilwa, Lindi Region, by next March. The petrochemical complex, a partnership project under a consortium of investors from Tanzania, Europe and Asia, is among th . . .

Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructu . . .