Macro investments to boost trade in East Africa

Posted on :Thursday , 25th October 2018

Recent economic research and forecasts have found that investments in East African infrastructure construction are set to expand rapidly. Total infrastructure construction output in the region’s largest markets of Rwanda, Ethiopia, Kenya, and Tanzania, is expected to grow from USD 25.9 billion in 2017, to USD 98.8 billion in 2022.

ABB to equip first high speed rail link in Tanzania

Posted on :Thursday , 4th October 2018

The Tanzanian government has selected well known Swedish-Swiss multinational corporation, ABB to supply complete substation equipment and engineering solutions for a 530 km-long high-speed electric line stretching between Dar es Salaam and Makutupora. 

Termed as a landmark project, the line is intended to link Tanzania’s port cities with interior areas and neighbouring countr. . .

Hyundai East Africa Ltd. building a better future for Tanzania with Buildexpo Africa

Posted on :Friday , 21st September 2018

Tanzania secures US $1.46bn loan for Standard Gauge Railway (SGR).

Posted on :Thursday , 20th September 2018

Tanzania has anchored a US $1.46bn concessional credit from the Standard Chartered Bank Group to subsidize its Morogoro-Dodoma standard check railroad (SGR).

As per Dr. Philip Mpango, Finance Minister the new credit is a piece of an understanding came to with Standard Chartered Bank Group Executive Director Bill Winters in Dar es Salaam, which will go to finance the 430 km line . . .

Construction elevates in Tanzania

Posted on :Friday , 7th September 2018

DAR ES SALAAM  -- According to the Minister for Finance and Planning, Philip Mpango, emphasis in 2018 and further will be focused on construction and rehabilitation of infrastructure including airports, railways, roads, bridges and ports. He said approx. 5.3 billion U.S. dollars for the upcoming 2018 fiscal year, have been allocated for implementation of the outlined development plan and p. . .