Market News
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Mega port project in Tanzania gets a landmark go-ahead
Posted on :Wednesday , 29th November 2017
Government of Tanzania has approved a major project to develop a port and an adjoining industrial zone in Tanzania by the Oman Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts).
The proposal includes dredging of the navigational channel, construction of a port and logistics park, and the development of the po. . .BAGAMOYO PROJECT - Comprehensive project proposal has been accepted
Posted on :Friday , 17th November 2017
China Merchants Port comprehensive project proposal has been agreed and accepted by the Tanzanian government which has now officially submitted its letter of approval for the Bagamoyo Special Economic Zone venture. According to Tanzanian Ambassador to China Mr Mbelwa Kairuki, the letter was submitted to the China Merchants Port Managing Director, Bai Jingtao, on the 10th of November, 2017. . .
Kenya-Tanzania, transnational highway project set to start in 2018
Posted on :Friday , 17th November 2017
With the African Development Bank (AfDB) looking for financial partners capable of investing US $385.2m towards the construction of the highway connecting Kenya and Tanzania, construction work on the US $751.3m Kenya-Tanzania Highway is set to begin in 2018.
According to AfDB Chief Regional Program Officer, Lawson Zankli, US $289m has already been set aside fo. . .Strandline Resources look to complete mine in 12 months time
Posted on :Wednesday , 11th October 2017
Strandline Resources have conducted a definitive feasibility study (DFS) for the Fungoni heavy mineral sands project in Tanzania and have concluded with results of a strong financial performance.The study has shown that the company will need to invest $30m in developing projects, while investments are also lacking in working capital, mine infrastructure,. . .Yapi Merkezi Nab High Speed Rail Project in Tanzania
Posted on :Monday , 9th October 2017
Turkish Firm Yapi Merkezi Insaat VE Sanayi is the project contractor for a high-speed electric railway line and will undertake all designing and construction activities.
The Turkish company is a renowned, privately owned firm of great repute in rail engineering, manufacture, design, and construction.
RAHCO confirmed that Yapi Merkezi was picked to head the project af. . .
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