Market News

Tanzania and Burundi have signed a contract with two Chinese companies to construct a railroad to transport metals, notably nickel, to Tanzania's port city of Dar es Salaam. China Railway Engineering Group and China Railway Engineering Design and Consulting Group are going to develop the $ . . .

Tanzania's segment of the Standard Gauge Railway is taking shape, and when completed, it will serve as Africa's longest railway line. Tanzania's government has underlined the revolutionary economic benefits that the expanding railway has brought to the country thus far. Tanzania's SGR commenced . . .

Innocent Bashungwa, Minister of Construction, explained that 34 billion shillings were recently assigned for the construction of an integrated Customs Center (One Stop Boarder Post-OSBP) in the Manyovu area, which is on the border of Tanzania and Burundi, that will assist the Kigoma Region do trade . . .

The Parliament unanimously supported the Ministry of Construction's budget of 1.77 trillion shillings for 100 percent, which will be utilized for completing nine high-priority projects such as road building, bridges, crossings, scales, and the completion of large airports. On May 29, 2024, the . . .

Tanzania, Kenya, and Uganda are co-hosting the 2027 AFCON, Africa's largest international men's football championship. In preparation of that, Tanzania recently inked a $112 million agreement for the construction of the anticipated Dr. Samia Suluhu Hassan Stadium in the Arusha region. The signing ce . . .