Market News

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 . . .

The newly sworn-in Tanzania President Samia Suluhu Hassan is set to revive the long-stalled US $30bn liquefied natural gas LNG project in Lindi Tanzania. The project was sidelined under the administration of the former President, the late John Pombe Magufuli with his administration instead prioritis . . .

In terms of infrastructure investments, Tanzania is leading the East African bloc in terms of value. The region, the second-largest economy in the EAC, according to the Africa Construction Trends Report 2019, reported a total project value of USD 60.3 billion last year. Tanzania's overall proje . . .