Market News | Buildexpo Tanzania 2024

Market News

  • Tanzania's Economic Growth to Rely Strongly On Construction Activities in 2023 & 2024

    Posted on :Wednesday , 7th June 2023

    According to recent research by experts, Tanzania's real GDP growth would increase to 5.7% in 2023, up from a projected 5.4% in 2022. According to the Tanzania National Bureau of Statistics' most recent GDP figures, growth in Q322 was 5.2% year on year, up from 4.8% in Q222. The transport and storage industry (which contributed 14.2% to economic growth), agriculture, and mining were key growth . . .

  • Construction of a 86.8 million USD architectural glass plant in Tanzania is currently planned

    Posted on :Tuesday , 4th April 2023

    A Chinese company, Keda Industrial Group, will soon open an architectural glass plant in Tanzania for a total investment of US$86.8 million. When it is finished in about a year, the plant will have a 600-ton-per-year output capacity for architectural glass.


    The project is a component of Keda Industrial's plan to increase its market share and diversify its offering of material. . .

  • Tanzania has begun construction on Phase 4 of the SGR, which will connect Tabora and Isaka.

    Posted on :Tuesday , 31st January 2023


    The Tabora-Isaka leg of the Standard Gauge Railway's foundation stone was placed on January 18, 2023 by Tanzania's Vice President, Dr. Philip Isdor Mpango (SGR).


    The portion is 165 km long (130 km + 35 km of intersections), and it is situated in the Shinyanga area.


    The parts are being built by the Turkish firm Yapi Merkezi, and they should be f. . .

  • Investing in Africa is a wise business decision and a long-term company strategy.

    Posted on :Tuesday , 27th December 2022

    Now is the best time to make an investment in Africa. However, because overseas investment choices are frequently painstakingly overstructured, investors have not rushed to the region as quickly as expected. An important contributory component is too much risk. However, risks and profits go hand in hand; high-risk undertakings are typically correlated with larger earnings.


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  • Zanzibar signs an agreement to build roads worth Sh537.8 billion

    Posted on :Monday , 28th November 2022

    Roads of 103.5 kilometres will be built on the islands of Unguja and Pemba.

    The Zanzibar government has signed a road development contract with Propav, a UK business, in collaboration with Mwananchi Engineering and Construction Ltd, a Tanzanian company (MECCO). The contract calls for the construction of three highways totaling 103.5 kilometres on Unguja and Pemba Islands.


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