Market News

 China and the World Bank have formed an infrastructure firm with an initial $500 million investment to help fund projects in Africa.   China Overseas Infrastructure Development and Investment Corporation Limited (COIDIC) will invest and manage projects from concept to feasibility studie . . .

 The number of people involved in informal trade is growing, but most in the region don't have access to proper transport means.   This is one of the challenges highlighted during the last day of The Global African Investment Summit that closed on Tuesday in Kigali.   It was noted . . .

 Mererani — Upgrading of the 22 kilometre road linking Mererani gemstone mines to the rest of the country through Kilimanjaro International Airport (KIA) will be complete by the end of this year, it was revealed here recently.   The project costs Sh.32 billion and is being undertak . . .

 Dar es Salaam — The Ministry of Works, Transport and Communication is currently in the process of procuring a contractor for the construction of the standard gauge railway line run from Dar es Salaam to Kigoma and Mwanza.   This comes just weeks after Tanzania signed a $7.6 billio . . .

 The government has outlined a three-year timeline for the construction of a 7.6 billion US dollar (15 trillion/-) railway line - a major trade artery between Tanzania and its landlocked neighbours of Burundi, Rwanda and Democratic Republic of Congo (DRC).   The Standard Gauge project, w . . .