Market News

Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructu . . .

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has record . . .

 Tanzania and Kenya have agreed on a time line to start the construction of two link roads meant to improve the movement of goods and people between the two countries. The deal is the major decoration on the meeting between President John Magufuli and his host, President Uhuru Kenyatta, in Nai . . .

 A many as 21 construction contractor companies from Tanzania incorporated in ACCT (Association of Citizen Contractors Tanzania), visited the Public Works and Public Housing Ministry. The Association invited Indonesian contractors to work on construction projects in Tanzania.   Anita Far . . .

 Geita — The government through the Tanzania National Roads Agency (TANROADS) has established a special consulting engineering unit in a bid to build the capacity of local engineers who will oversee road construction projects. This move will save the funds spent on the engagement of forei . . .