Market News

Hyundai East Africa Ltd., is participating at 22nd Buildexpo Africa – Tanzania 2019 to promote its state of the art construction equipments and products range. The event is from 12th to 14th September 2019, at the Diamond Jubilee Hall in Dar es Salaam, where the company looks to attract top in . . .

A contract worth USD 265 million for the construction of 3.2 km long bridge over the lake Victoria has signed by the Government of Tanzania. Two Chinese companies have been awarded this contract with the aim of increasing trade connectivity among the East African countries. The two companies namely . . .

Foreign Affairs Minister Mr Palamagamba Kabudi declared that Tanzania’s Standard Gauge Railway (SGR) project is going to receive fund from China. He added that the Government of China wanted to support the SGR at the later stage of the project and currently evaluating the project before it eng . . .

The government of Tanzania announces the construction of a major dam in Lumakali, Njombe District. Deputy Minister of Energy Mr Subira Mgalu declared the report and states that the authorities are currently involved in reviewing the feasibility study conducted in 1998. The construction of this 388.2 . . .

A USD 44.5 million budget has been announced by the Government of Tanzania for the construction, upgrading and rehabilitation of airports around its country in the upcoming financial year. This decision is purely aimed at improving the country's infrastructure and aviation industry.  Isack Kam . . .