Market News | Buildexpo Tanzania 2018

Market News

  • Tanzania paints a bright outlook for 2018

    Posted on :Friday , 9th February 2018

    State-run National Bureau of Statistics (NBS) said that faster growth in mining, natural gas and construction activities propelled Tanzania’s economy higher in the third quarter of 2017. East Africa’s third-biggest economy grew 6.8 per cent year-on-year in the third quarter compared with 6.2 per cent in the same quarter in 2016.

    According to the NBS, Econom. . .

  • Rwanda and Tanzania agree on joint construction of the SGR from Isaka to Kigali

    Posted on :Monday , 5th February 2018

     In a meeting of finance ministers from Rwanda and Tanzania on Monday in Dar es Salaam, Tanzania, consideration was given the finance matters regarding accomplishment of the two countries’ US $2.5bn joint 521 km Isaka-Kigali SGR (Standard Gauge Railway) project. 

     
    Amb. Claver Gatete, the Rwandan Minister for Finance and Economic Planning, and his dele. . .

  • CONSTRUCTION WORK IN FULL SWING THE TALLEST BUILDING IN AFRICA

    Posted on :Saturday , 20th January 2018

    'The Pinnacle’ in Nairobi, Kenya, with a height of 300m is on track to become the tallest skyscraper in Africa, easily exceeding South Africa’s 223m Carlton Centre. With the foundation stone laid by Kenyan President Uhuru Kenyatta, construction has begun on the mega structure.

    Located in Nairobi’s vibrant financial hub called Upper Hill and situated at a distance of . . .

  • East Africa Upbeat About Economic Prospects for 2018

    Posted on :Friday , 1st December 2017

    An expansion in communications, transport and construction sectors is being eagerly expected by East African economies for the year 2018. 

    Tanzania's economy is expected to expand by 7.1 per cent in 2018, up from an estimated 7 per cent this year and it’s Finance and Planning Minister Philip Mpango has vowed to boost public investment in infrastructure, including a standard g. . .

  • Mega port project in Tanzania gets a landmark go-ahead

    Posted on :Wednesday , 29th November 2017

    Government of Tanzania has approved a major project to develop a port and an adjoining industrial zone in Tanzania by the Oman Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts).

     
    The proposal includes dredging of the navigational channel, construction of a port and logistics park, and the development of the po. . .

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