Market News

Hyatt Hotels Corporation has entered into a partnership with ASB (Tanzania) Limited that will see the later construct a new 300-room five star hotel. The new hotel will be called Hyatt Regency Hotel Arusha. The building permit was awarded to ASB on May 7th this year. Located at the hear . . .

Tetra Tech Inc will oversee development of phase 1 of Konza city following the signing of a contract between them and Konza Technopolis Development Authority (KoTDA). Colorado-based Tetra Tech was selected as the Master Delivery Partner 2 (MDP2) in the Kenya’s smart city construction project. . . .

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, Watumishi . . .

Construction of the Juba-Bor road has started after the signing of an agreement between the Jonglei state government and UNMISS. UNMISS is a Korean contingent of engineers who work for United Nations’ peacekeeping mission in the country.   The contract, signed a week ago, will see UNMIS . . .

 The government of Tanzania has received a US$138m grant from the Eastern and Southern African Trade and Development Bank (PTA). The funds will be used in three infrastructural projects and three syndicated loans. Kilwa Energy will receive US$50m, while 21st Century which is a food and packagi . . .