Market News

Dodoma — The World Bank (WB) through the Local Investment Climate (LIC) has disbursed Sh100 million for the construction of a dry port here, Prime Minister Kassim Majaliwa revealed yesterday.   The Premier directed the Capital Development Authority (CDA) and the office of the regional c . . .

Plans for the construction of a 2,190-kilometre central railway line to standard gauge form are now up for implementation as Chinese Exim Bank has agreed to give a soft loan of 7.6 US dollars (about 16 trillion/-) to finance the project.   According to a statement issued yesterday by the Stat . . .

African Development Bank (AfDB) has announced a 200 million US dollars (over 400bn/-) support to the country's transport sector reforms during the 2016/17 fiscal year.   AfDB Vice-President responsible for Human Resources and Governance Alberic Kacou unveiled the financial support in Dar es S . . .

Arusha — The government has allocated Sh476 billion to expand the water supply system in the fast growing city.   This was announced over the weekend by the Director General of Arusha Urban Water Supply and Sewerage Authority (Auwsa) Ms Ruth Koya, while she took the newly-appointed Arus . . .

Mkuranga — Chinese investors are will invest $100 million (about Sh218 billion) to set up a factory that will manufacture roofing tiles in the country, Prime Minister Kassim Majaliwa heard on Wednesday.   Goodwill Ceramic Limited will start constructing the factory in December this year . . .