Market News

 The discovery of oil and gas in the Mtwara and Lindi regions in Tanzania is the main reason for the upgrade process Mtwara port is to undergo. The two regions have the largest share of the 43 trillion cubic feet of natural gas discovered in Tanzania.   Mtwara port manager, Musiba Fikili . . .

      The Addis Ababa City Roads Authority (AACRA) has set aside US$331m for roads in the Addis Ababa city, Ethiopia. The city of Addis Ababa presently has a road network covering 4671km, which is expected to be increased to 5275km.   The project seeks to add 600km of road t . . .

    CEO of Turkish Eren Holdings has signed an investment agreement that will see the company undertake a new project, involving construction of a new cement production plant in Cameroon. The agreement was signed last week between the CEO and government of Cameroon.   The new ceme . . .

    Construction of the large Zambia’s Kazungula brigde has started after the ground-breaking ceremony was held on the Botswana side of the Kazungula border on 12th of this month.   The ground-breaking ceremony was led by Vice –President Guy Scott and his Botswana coun . . .

Goods containers piled up at Dar es Salaam port ready for forwarding to various destinations. The port is set to receive funds from a combined soft loan and grants from the World Bank and the UK's Department of International Development (DFID) for activities aimed at improving efficiency at the port . . .