Market News

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 . . .

Dar es Salaam's road network is about to undergo a significant modification, thanks to the upcoming commencement of Phase Two of the Dar es Salaam Metropolitan Development Project (DMDP). This decision comes amid a loan agreement worth Sh988.9 billion was signed with the World Bank (WB) last week.&n . . .

The Tanzania Roads Agency (TANROADS) intends to sign 15 contracts for the construction of asphalt roads and bridges for 1.034 trillion shillings to boost infrastructure services in the country. This statement was made by Innocent Bashungwa, Minister of Construction, during supplementary replies . . .