Market News

Arusha — Brazil, an economic giant of South America, is keen to promote stronger economic ties with East Africa, its ambassador to Tanzania Carlos Alfonso iglesias Puente revealed here on Tuesday.   "The Brazilian business community already has a significant presence in Tanzania and Ken . . .

President Uhuru Kenyatta on Monday tore into critics questioning the rationale of building the standard gauge railway and other infrastructure projects, telling them the construction will go on "regardless of what everybody says."   At an infrastructure summit held in Nairobi, the President d . . .

 The Oromia Forest and Wildlife Enterprise Monday laid the cornerstone for its administration office at Bole and another building at Lidetta. The new G+20 administration building at Bole would reflect the culture and traditional assets of the Oromo people.   Laying the cornerstone, State . . .

 Ethiopian Roads Authority (ERA) aims to construct as well as maintain around 23,000 kilometers of road across Ethiopia during the just started fiscal year.   Commenting the plan Dereje Hailu, Communication Team Leader at ERA, said the Authority aims to upgrade and build new roads that s . . .

 Ethiopian Parliament, during its extraordinary session last week, approved a 127-million-dollar loan agreement with the Korea EXIM bank for the Gore-Tepi road connectivity improvement project.   The poor condition non-paved road is planned to be upgraded to an asphalt concrete road at a . . .