Market News

Tanzania Ports Authority has called on bidders to tender for the Dar es Salaam maritime gateway improvement project, which will be funded by the World Bank through the International Bank for Reconstruction and Development (IBRD).   The Dar es Salaam maritime gateway improvement project, which . . .

Investment worth US$5bn was approved for three provinces in Mozambique. It was noted that the approved investments will help the North of Mozambique undertake several projects in agriculture, forestry, infrastructure, tourism, and hydrocarbon sector. The projects are aimed at creating opportunities . . .

The private sector in Tanzania has a received a US$185m grant from the World Bank. The funds were released by the Multilateral Investment Guarantee Agency (MIGA).   The aim of the funds is to help in projects in infrastructure, mining and energy sectors. MIGA Vice President and Chief Operatin . . .

 A total of USD 48.24 will be used in the first phase construction of houses in Tanzania to provide shelter for public servants. The real estate project will be funded by the government of Tanzania. The construction of the houses will be done in collaboration with a real estate developer, Watu . . .

 Growing volumes of cargo at all African ports has forced port authorities and operators to increase capacity, analyse operations to increase efficiency, and employ measures to allow bigger ships into their ports. The East Africa Region has various projects underway. The new Lamu Port in Kenya . . .