Market News
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$10 Billion SGR Project Transforms Tanzania’s Economy and Regional Connectivity
Posted on :Monday , 2nd December 2024
Tanzania's segment of the Standard Gauge Railway is taking shape, and when completed, it will serve as Africa's longest railway line. Tanzania's government has underlined the revolutionary economic benefits that the expanding railway has brought to the country thus far. Tanzania's SGR commenced operating in June and amounts to a $10 billion project.
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Tanzania Allocates 34 Billion Shillings for Manyovu Customs Center and Major Road Projects
Posted on :Thursday , 12th September 2024
Innocent Bashungwa, Minister of Construction, explained that 34 billion shillings were recently assigned for the construction of an integrated Customs Center (One Stop Boarder Post-OSBP) in the Manyovu area, which is on the border of Tanzania and Burundi, that will assist the Kigoma Region do trade with neighbouring countries.
Bashungwa announced this to the people of Mnanira. . .
Tanzania: The Ministry of Construction's 1.77 Trillion Shilling Budget Gets Unanimous Approval
Posted on :Thursday , 12th September 2024
The Parliament unanimously supported the Ministry of Construction's budget of 1.77 trillion shillings for 100 percent, which will be utilized for completing nine high-priority projects such as road building, bridges, crossings, scales, and the completion of large airports.
On May 29, 2024, the Minister of Construction, Innocent Bashungwa, submitted the budget estimate for the. . .
$112 Million Contract Signed for the Construction of Dr. Samia Suluhu Hassan Stadium in Tanzania
Posted on :Thursday , 28th March 2024
Tanzania, Kenya, and Uganda are co-hosting the 2027 AFCON, Africa's largest international men's football championship. In preparation of that, Tanzania recently inked a $112 million agreement for the construction of the anticipated Dr. Samia Suluhu Hassan Stadium in the Arusha region. The signing ceremony took place at the Benjamin Mkapa Stadium in Dar es Salaam.
During the e. . .
World Bank Greenlights Sh1 Trillion Funding for Dar es Salaam Metropolitan Development Project
Posted on :Tuesday , 27th February 2024
Dar es Salaam's road network is about to undergo a significant modification, thanks to the upcoming commencement of Phase Two of the Dar es Salaam Metropolitan Development Project (DMDP). This decision comes amid a loan agreement worth Sh988.9 billion was signed with the World Bank (WB) last week.
DMDP Phase Two will include the upgrading of a 250-kilometer stretch of road in. . .
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