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. . .

Rukwa coal plant project in Tanzania to be upgraded to increase output

Posted on :Saturday , 1st September 2018

The Rukwa coal plant project is scheduled to complete the processing plant upgradation work by the end of September. The company carrying out the project Edenville Energy said that post upgradationthe plant will allow for increased throughput.

After reviewing various options for acquiring a pre-screening plant to remove the majority of coal fines before reaching the washing circuit, bot. . .

Tanzanian economy expected to grow vibrantly in 2018 and going forward

Posted on :Saturday , 1st September 2018

The Minister for Finance of Tanzania said on Monday that the economy is expected to grow by 7.2 percent in 2018, up from around 7.1 percent last year, and the fiscal deficit will increase on the back of higher infrastructure spending.

 Economic output in the East African nation is expected to be boosted by positive activity in the key mining, construction, transport and commun. . .

Water projects under Tanga UWASA undergo major upgrade

Posted on :Wednesday , 22nd August 2018

In a significant development a contract between the Tanga Urban Water and Sanitation Authority (Tanga Uwasa) and Juin Company Ltd. for the rehabilitation of the Lushoto Town water infrastructure to ease water supply was signed. The project, is aimed at easing the supply of water in the district, and will be constructed to the tune of US $341,000 and is expected to take 8 months to be complete.<. . .