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Market News

  • Tanzania begins the construction of largest port in East Africa

    Posted on :Monday , 19th October 2015

     Tanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize.

     
    Officials in Tanzania believe that the construction of lar. . .

  • East Africa: Newly constructed port terminal to start operation in mid 2016

    Posted on :Thursday , 15th October 2015

     Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be  operational in June, 2016.

     
    Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year.
     
  • Tanzania: Mahindra to Open Tractor Factory in Zanzibar

    Posted on :Tuesday , 13th October 2015

    Zanzibar — Mahindra company from India is planning to open a tractor assembling plant here, Zanzibar President, Dr Ali Mohamed Shein, revealed here yesterday. Dr Shein said negotiations with the Indian company were currently going on. He also disclosed that his government would also purchase 100 tractors from the company to improve agriculture in the Isles.

     
    &q. . .

  • East Africa: Assembled Motor Vehicles Now Welcome in Dar, Tax Free

    Posted on :Monday , 12th October 2015

    Regional auto assembly plants can now fully enter the Tanzanian market after the lapse of an East African Community October deadline for Dar to lift a 30 per cent excise duty on locally assembled vehicles.

     
    Previously, Tanzania had complained of some partner states breaching the rules of origin by allowing vehicle assembly firms to resell imports without any signific. . .

  • Rail mass transit project in Africa on track

    Posted on :Monday , 12th October 2015

     The construction of the Lagos Rail Mass Transit construction Project in Nigeria is in good progress. Also known as Blue Line project, the project is expected to ease transport need of the fast growing population in Lagos.The project construction is being supported by the government of the United Kingdom.

     
    London mayor Alderman Alan Yarrow led a team of London b. . .

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