Market News

The government of Tanzania has signed an agreement with the South Korean government to see through construction of another flyover in Dar es Salaam. The flyover will be constructed over Coco Beach along Toure Drive, where it will connect with the Ali Hassan Mwinyi Road. The bridge will be 7.1 Km . . .

Tanzania Railways Ltd has embarked on an ambitious Tsh230 billion ($130 million) plan to modernise its infrastructure, to be financed through a commercial loan. TRL board chairman Severine Kaombwe said the firm also plans to digitise its operations and buy new equipment that will attract more hauli . . .

When Dr Donald Kaberuka took over as president of the African Development Bank (AfDB) in 2005, one of his first acts was forming a little-known task force that would define the Bank’s agenda in the next decade. Four men — two civil engineers and two economists — carefully chosen f . . .

Bua Group International is planning to invest in a new cement plant that will be expected to have 3Mt/yr of production capacity. The new cement plant will be constructed in the Okpella, Edo State and is expected to be ready for commissioning in February 2015. After commissioning, the new cement plan . . .

Work on a six-kilometre tarmac road in Lodwar has begun and is expected to be completed in the next nine months. This is an extension of a 3.2 kilometre tarmac road handed over to the county government by the Kenya Urban Roads Authority (Kura) Managing Director Joseph Nkadayo in July. The road, w . . .