Market News
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Tanzania: World Bank Releases Sh100 Million for New Dry Port
Posted on :Friday , 22nd July 2016
Dodoma — The World Bank (WB) through the Local Investment Climate (LIC) has disbursed Sh100 million for the construction of a dry port here, Prime Minister Kassim Majaliwa revealed yesterday.
The Premier directed the Capital Development Authority (CDA) and the office of the regional commissioner to set aside land for the construction of the port.&. . .Tanzania: Chinese Bank to Loan U.S.$7.6 Billion for Railway Project
Posted on :Friday , 22nd July 2016
Plans for the construction of a 2,190-kilometre central railway line to standard gauge form are now up for implementation as Chinese Exim Bank has agreed to give a soft loan of 7.6 US dollars (about 16 trillion/-) to finance the project.
According to a statement issued yesterday by the State House, the amount is enough to cover construction of 2,190 kilometres. The . . .Tanzania: AfDB Gives US$ 200 Million Support to Boost Infrastructure
Posted on :Thursday , 21st July 2016
African Development Bank (AfDB) has announced a 200 million US dollars (over 400bn/-) support to the country's transport sector reforms during the 2016/17 fiscal year.
AfDB Vice-President responsible for Human Resources and Governance Alberic Kacou unveiled the financial support in Dar es Salaam when he visited Finance and Planning Minister Dr Philip Mpango yesterda. . .Tanzania: City Water Supply System Set For Sh476 Billion Expansion
Posted on :Tuesday , 19th July 2016
Arusha — The government has allocated Sh476 billion to expand the water supply system in the fast growing city.
This was announced over the weekend by the Director General of Arusha Urban Water Supply and Sewerage Authority (Auwsa) Ms Ruth Koya, while she took the newly-appointed Arusha District Commissioner Mrisho Gambo on a tour of the authority's water supp. . .Tanzania: Chinese Investors to Set up $100 Million Tile Factory
Posted on :Monday , 18th July 2016
Mkuranga — Chinese investors are will invest $100 million (about Sh218 billion) to set up a factory that will manufacture roofing tiles in the country, Prime Minister Kassim Majaliwa heard on Wednesday.
Goodwill Ceramic Limited will start constructing the factory in December this year at Mkiu village, Mkuranga District in Coast region, according to the Chinese. . .Please Select an Option
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