Tanzania: World Bank Releases Sh100 Million for New Dry Port

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 commissioner to set aside land for the construction of the port.   Speaking when launching the project for the expansion and upgrading the Dodoma Airport, Mr Majaliwa said the fifth.... Read more »

Posted on : Friday , 22nd July 2016

Tanzania: Chinese Bank to Loan U.S.$7.6 Billion for Railway Project

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 State House, the amount is enough to cover construction of 2,190 kilometres. The project is expected to start this financial year as the government has also set aside about 1tri/- from the.... Read more »

Posted on : Friday , 22nd July 2016

Kenya: New Mining Law Hopes to Generate Sh300 Billion Annual Revenue By 2030

Lobbying for influential positions has started in earnest in the new legal order that will govern mining.   The new mining law replaced some laws which were enacted in 1940s just after World War II.   The law creates the crucial Mining Rights Board that will vet applications for licenses as well as a new parastatal, the National Mining Corporation.   It also creates Minerals and Metals Commodities Exchange; a parastatal that will dealing with trading of.... Read more »

Posted on : Thursday , 21st July 2016

Tanzania: AfDB Gives US$ 200 Million Support to Boost Infrastructure

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 Salaam when he visited Finance and Planning Minister Dr Philip Mpango yesterday.   Dr Kacou, accompanied by the bank's Resident Director Tania Kandiero, said the Bretton Woods'.... Read more »

Posted on : Thursday , 21st July 2016

Tanzania: Govt to Adopt Bulk Procurement System in LPG Importation

Importation of Liquid Petroleum Gas (LPG) in the country has changed, with the government adopting the bulk procurement system effective September, this year.   Deputy Permanent Secretary in the Ministry of Energy and Minerals Juliana Pallangyo announced the changes in Dar es Salaam yesterday, inviting all interested parties to participate in the supply of LPG.   Opening the two-day annual Africa LPG summit for 2016, Dr Pallangyo noted that the importation of gas under.... Read more »

Posted on : Wednesday , 20th July 2016

Tanzania: City Water Supply System Set For Sh476 Billion Expansion

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 Arusha District Commissioner Mrisho Gambo on a tour of the authority's water supply facilities.   She said the expansion will start in September this year and upon completion water.... Read more »

Posted on : Tuesday , 19th July 2016

Tanzania: Chinese Investors to Set up $100 Million Tile Factory

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 at Mkiu village, Mkuranga District in Coast region, according to the Chinese Ambassador to Tanzania, Dr Lu Youqing.   "With the investment, the company will be able to produce.... Read more »

Posted on : Monday , 18th July 2016

Tanzania: President to Re-Open Dodoma Airport Post Expansion

Dodoma — President John Magufuli is expected to grace the re-opening ceremony of Dodoma Airport on Friday, next week, after undergoing a major expansion.   The Dodoma Regional Commissioner (RC), Mr Jordan Rugimbana, said here on Wednesday that the expansion was part of the government's initiative to move to the country's designated capital city. "This demonstrates President Magufuli's commitment to move to Dodoma," said Mr Rugimbana when he was speaking at a.... Read more »

Posted on : Monday , 18th July 2016

Trade, Industry Critical for Africa's Development - African Union

Africa should prioritise trade and industrial sectors to address most of the prevailing challenges the continent faces, including the high rate of unemployment, to ensure sustainable development, Fatima Haram Acyl, the African Union (AU) commissioner for trade and industry, has said.   "While everyone should work to ensure peace, food security, and creating more jobs for the youth, I believe all these can happen if we invest in trade and industries. Industrialisation is.... Read more »

Posted on : Monday , 18th July 2016

Tanzania: Sugar Board Plans to Build 3 New Mini-Sugar Plants

Dar es Salaam — The Sugar Board of Tanzania (SBT) is planning to build three mini-sugar plants - with active involvement of local governments in Morogoro Region - within the next five years.   The plants would be built in Kilosa, Kilombero and Mvomero districts, according SBT's five year Sugar Industry Development Plan.   SBT has already carried out a pre-feasibility study for establishment of the mini-sugar plants in the three districts, according to a copy of the.... Read more »

Posted on : Monday , 18th July 2016

UN Urges Tanzania to Focus On Agriculture to Boost Economy

Dar es Salaam — Tanzania's economy has been growing at a satisfactory rate but the country must promote several areas for the growth to have an impact on poverty reduction endeavours amid global uncertainties, the United Nations has said.   In its Development Assistance Plan 2016 -2021 Report - which was launched in Dar es Salaam recently - the United Nations calls upon Tanzania to ensure that it puts emphasis on growth of areas that will have a a quick impact on the.... Read more »

Posted on : Monday , 18th July 2016

Kenya Pipeline Company in Plans to Acquire Mombasa Refinery

The Kenya Pipeline Company (KPC) is searching for a consultant to help it assess the viability of the Mombasa Oil Refinery ahead of a planned acquisition.   KPC had also earlier hinted to plans to convert the refinery into an oil storage facility as the government gears up for commercial oil production in 2017.   "Kenya Pipeline Company Ltd invites sealed requests for proposals from eligible candidates for the provision of transaction advisory services for the.... Read more »

Posted on : Monday , 18th July 2016