Market News

Tanzania SGR project foresaw another major step as country of Spain via Export Credit Agency has shown interest in the funding of of the Standard Gauge Railway (SGR) construction project by issuing loans, loans guarantees and insurance to the companies of the country that will be given the contract . . .

ATIDI guaranteed a EUR300 million credit facility provided by Deutsche Bank AG to the Tanzanian government. The facility will finance numerous infrastructure projects that are part of Tanzania's budget for 2022/2023 and are in line with the country's National Development Vision 2025. Insuring D . . .

According to recent research by experts, Tanzania's real GDP growth would increase to 5.7% in 2023, up from a projected 5.4% in 2022. According to the Tanzania National Bureau of Statistics' most recent GDP figures, growth in Q322 was 5.2% year on year, up from 4.8% in Q222. The transport and storag . . .

A Chinese company, Keda Industrial Group, will soon open an architectural glass plant in Tanzania for a total investment of US$86.8 million. When it is finished in about a year, the plant will have a 600-ton-per-year output capacity for architectural glass. The project is a component of Keda In . . .

 The Tabora-Isaka leg of the Standard Gauge Railway's foundation stone was placed on January 18, 2023 by Tanzania's Vice President, Dr. Philip Isdor Mpango (SGR). The portion is 165 km long (130 km + 35 km of intersections), and it is situated in the Shinyanga area. The parts are bein . . .