Market News

Expansion works on the Tema Port will start next year. The first phase of the $1.5 billion project is expected to be done in about three years.   The port is expected to handle thrice its current traffic of about one million Twenty-foot Equivalent Units (TEUs) when completed, according to mar . . .

Kampala — Uganda and Japan have concluded a loan agreement for financing the construction of flyovers in Kampala.   Japan will lend Uganda ¥19.989 million (about Sh559b) for the proposed flyovers at Kitgum House intersection on Jinja Road, and at Queen's Way on Entebbe Road.   . . .

Damaturu — Governor Ibrahim Gaidam of Yobe State has expressed optimism that the 300- kilometre-long 'Trans-Saharan' road project started by his administration in the northern part of the state will be completed before his tenure ends in 2019 even amidst stiff fiscal challenges.   The g . . .

 A total of 2,550 kilometre feeder road network is set to be constructed in 2017 under the framework of feeder roads project across the country.   The roads will be constructed under the Second Economic Development and Poverty Reduction Strategy (EDPRS 2), according to Octave Semwaga, th . . .

Arusha — The Procurement and Supplies Professionals and Technicians Board (PSPTB) will put up a Sh24.5-billion complex in Dar es Salaam, it was announced here recently.   The board has acquired a plot at Luguruni outside the city for the purpose, said the chairperson of the Board, Dr He . . .