Market News
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Tanzania and Burundi Ink $2.15bn Railway Deal with Chinese Firms
Posted on :Monday , 10th February 2025
Tanzania and Burundi have signed a contract with two Chinese companies to construct a railroad to transport metals, notably nickel, to Tanzania's port city of Dar es Salaam.
China Railway Engineering Group and China Railway Engineering Design and Consulting Group are going to develop the $2.15 billion project, with financing from the African Development Bank (AfDB).
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$10 Billion SGR Project Transforms Tanzanias Economy and Regional Connectivity
Posted on :Monday , 10th February 2025
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. . .
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