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Market News

  • Tanzania: Japanese Contractor Asked to Speed Up Tazara Flyover Construction

    Posted on :Thursday , 16th February 2017

    Works, Transport and Communications Minister, Prof Makame Mbarawa has directed the contractor constructing the Tazara Flyover to speed up in order to reduce the duration the project.

     
    Speaking at the construction site in Dar es Salaam yesterday, Prof Mbarawa, hailed the contractor, Sumitomo Mitsui, for the progress made putting emphasis on increasing speed for people. . .

  • Tanzania: Construction of Mega $110 Million Pharmaceutical Plant Scheduled for This Year

    Posted on :Tuesday , 14th February 2017

    Simiyu — Various government institutions have teamed up to execute a 250bn/- pharmaceutical industry in Simiyu region, with prospects of saving billions of public funds in importation of medicines.

     
    Regional Commissioner Anthon Mtaka, speaking here yesterday ahead of the region's business forum, told the 'Daily News' that the multibillion project is scheduled t. . .

  • Tanzania: State Releases $10 Million to Contractor for Airport Terminal Construction

    Posted on :Tuesday , 14th February 2017

    The government has paid 22bn/- to BAM International Company, which is constructing the Julius Nyerere International Airport (JNIA) Terminal III.

     
    Permanent Secretary in the Ministry of Finance and Planning, Doto James, told reporters yesterday that the ministry conducted a thorough assessment before the payment. He said the money was paid the day after President John. . .

  • Tanzania: National Housing Corporation Puts up 300 Units for Sale In Dodoma

    Posted on :Monday , 13th February 2017

    The National Housing Corporation (NHC) has launched the sale of 300 housing units at Iyumbu Satellite Centre in Dodoma Region, being built at a cost of 12.3bn/-. Initiated in December 2016, the project is designed to accommodate the government officials and commercial investors, among others.

     
    NHC Director General Nehemia Mchechu said in Dar es Salaam yesterday that . . .

  • Tanzania: Four Airports Await EIB Approval for Expansion

    Posted on :Thursday , 9th February 2017

    Dodoma — European Investment Bank (EIB) is set to decide on a proposal to upgrade and expand four airports, which are lined-up for fund receipt after completing the initial stage of scrutinising the contractors.

     
    The EIB had agreed to fund a special programme of transforming transport links to remote regions of Kigoma, Kagera, Tabora, Shinyanga and Sumbawanga b. . .

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