Market News

The government has approved a total of 1.93 billion in the fiscal year 2021/22 for the construction and rehabilitation of roads around mountains totalling 82.1 kilometres in length, according to Mr David Silinde, Deputy Minister of State in the President's Office (Regional Administration and Local G . . .

Zanzibar has announced plans to construct Zanzibar Domino Commercial Tower, the largest hotel in East and Central Africa and also the second tallest skyscraper in Africa behind Iconic Tower in Egypt.A contract was inked between New York and Dubai-based architect xCassia and a joint venture of Tanzan . . .

Construction works on the longest bridge in Tanzania is on track. The country’s President Samia Suluhu inspected the works and confirmed the project stands at 27% complete. The government inked a contract with two Chinese contractors-the China Civil Engineering Construction Group (CCECG) and . . .

Locally owned Tanzania Company has recently introduced a new road construction technology which is known as Cold Mix Asphalt Technique (CMA), to Tanzania National Roads Agency (Tanroads) and other stakeholders with the determination of cutting down construction costs and to protect and conserve the . . .

The construction works of the proposed Msalato International Airport (MSIA) in Tanzania are expected to start after this financial year according to the Tanzania Airports Authority. This will probably come following the approval of the 2021/22 budget that was recently presented to the East Afri . . .