Market News
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Tanzania Signs $385 Billion Deal to Build East Africa’s Largest Conference Centre
Posted on :Tuesday , 1st April 2025
The Arusha International Conference Centre (AICC) has entered into a cooperation agreement with the Public Service Social Security Fund (PSSSF) for the construction of the Mount Kilimanjaro International Conference Centre (MKICC), an a cutting-edge conference Centre valued at more than Sh385 billion.
MKICC is expected to be completed in two years and operational by 2027, maki. . .
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. . .
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