On 19th June 2015, the Export-Import Bank of India (Exim) and the Ministry of Finance of Tanzania signed an agreement to extend additional line of credit (LOC) of USD 268 million to the Government of Tanzania, for financing the extension of Lake Victoria water pipeline to Tabora, Igunga, and Nzega.
Lake-Victoria-Water-Pipeline-exim-tanzaniaMr. Yaduvendra Mathur, Chairman and Managing Director of Exim India and Ms. Dorothy Stanley Mwanyika, Deputy Permanent Secretary of the Mi.... Read more »
Posted on : Thursday , 2nd July 2015
Africa's largest platinum mining company, Zimplats, is building a $131 million base metal refinery at its Selous base, a senior official said Friday.
Posted on : Wednesday , 1st July 2015
Egyptian government has completed the construction of $92 Million drinking water project across the country.
Posted on : Wednesday , 1st July 2015
Posted on : Wednesday , 1st July 2015
The government has allayed fears on possible fuel shortage while warning suppliers against any move to hoard the product. Defaulters risk indefinite ban and revocation of their licences to operate.
The warning was relayed here by the Deputy Minister for Energy and Minerals, Mr Charles Mwijage, following an intervention by the Deputy Speaker of the National Assembly, Mr Job Ndugai, who had asked the ministry to respond to speculations that the country will face a serio.... Read more »
Posted on : Wednesday , 1st July 2015
Dar es Salaam — Tanzania's Foreign Direct Investment (FDI) has risen by 14.5%, thanks to gas discoveries in the country including Songo Songo (below) writes LEONARD MAGOMBA.
According to newly launched World Investment Report 2015, the growth makes Tanzania, the leading FDI's destination in the East African Community (EAC).
However, the report indicates that Global FDI inflows in 2014 fell by 16% to $1.2 trillion, mostly because of the fragility o.... Read more »
Posted on : Wednesday , 1st July 2015
The Tanzania Portland Cement Company Limited (TPCC) conducted a training to 250 cement block makers from Dar es Salaam that will foster safety at work, quality of block produced and efficiency in production process.
Speaking to invited participants during the training in Dar es Salaam, TPCC, Commercial Director, Simon Delens said that the seminar was focused on health and safety, quality and increase efficiency that will boost development of the construction industry .... Read more »
Posted on : Tuesday , 30th June 2015
Dar es Salaam — The Rural Energy Agency (REA) has hinted that the availability of adequate fund and unwillingness of private sector to invest in off grid areas among major challenges towards improving access to electricity in rural communities writes EMMANUEL KISIMA.
This was said by REA Solar Technology Specialist, Eng. Jones Olotu during the 2nd sub-Saharan Africa solar summit 2015 held in Dar es Salaam last week.
He said the Agency in collabora.... Read more »
Posted on : Tuesday , 30th June 2015
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Posted on : Tuesday , 30th June 2015
DEMAND for cement in the East African Region is anticipated to remain strong in the medium term, supported by the resurgence in infrastructure and housing sectors.
Also, apart from the associated energy costs and the availability of cheap imports from some Asian countries, demand for cement in East Africa has continued to rise.
The growing demand for cement is expected to boost investments in new cement production in line with the retrofitting of old ce.... Read more »
Posted on : Tuesday , 30th June 2015
A “stellar” performance by cementation newcomer Sephaku Holdings’ Métier Mixed Concrete division has swung the group to a full-year net profit of R47.16-million for the 12 months ended March 31, positioning it to expand its market share in what has become a highly competitive domestic cementation market. The group achieved full-year revenue of R775.4-million and earnings before interest, taxes, depreciation and amortisation of R128.9-million for the ye.... Read more »
Posted on : Tuesday , 30th June 2015
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