Tanzania Gets USD 268 Million To Extend Lake Victoria Water Pipeline

On 19th June 2015, the Export-Import Bank of India (Exim) and the Ministry of Finance of Tanzania signed an agreement to extend additional line of credit (LOC) of USD 268 million to the Government of Tanzania, for financing the extension of Lake Victoria water pipeline to Tabora, Igunga, and Nzega. Lake-Victoria-Water-Pipeline-exim-tanzaniaMr. Yaduvendra Mathur, Chairman and Managing Director of Exim India and Ms. Dorothy Stanley Mwanyika, Deputy Permanent Secretary of the Ministry.... Read more »

Posted on : Thursday , 2nd July 2015

Africa: Platinum mining company to invest U.S $131 Million

Africa's largest platinum mining company, Zimplats, is building a $131 million base metal refinery at its Selous base, a senior official said Friday.   Acting chief executive, Stanley Segula, told parliamentarians visiting the company that $20 million has so far been invested in the project which is expected to create significant new employment opportunities for Mashonaland West province.   According to the senior officials, the company currently employs about 5,800.... Read more »

Posted on : Wednesday , 1st July 2015

Construction of Africa's $92m water projects completed

 Egyptian government has completed the construction of $92 Million drinking water project across the country. The housing minister said they have completed the 83 drinking water and sanitation projects, along with 112 sanitation projects in various villages across the country. The minister in charge of Housing Mostafa Madbouly added that the Construction Authority for Potable Water and Wastewater which was awarded the contract to carry out the project successfully completed the.... Read more »

Posted on : Wednesday , 1st July 2015

Maurel & Prom Gets Good Result from Tanzania Gas Well

Maurel & Prom has encountered positive results from its latest well at the Mnazi Bay gas field inTanzania. The MB-4 development well, drilled 800 m from the MB-2 and MB-3 wells at the Mnazi Bay gas field, has crossed Miocene gas reservoirs with net pay of 24 metres (Upper Mnazi Bay) and 43 metres (Lower Mnazi Bay) respectively, both ranked among the best of the five wells drilled at this field so far, the company said. The well will be connected to the.... Read more »

Posted on : Wednesday , 1st July 2015

Tanzania: No Fuel Shortage, Nation Assured

The government has allayed fears on possible fuel shortage while warning suppliers against any move to hoard the product. Defaulters risk indefinite ban and revocation of their licences to operate. The warning was relayed here by the Deputy Minister for Energy and Minerals, Mr Charles Mwijage, following an intervention by the Deputy Speaker of the National Assembly, Mr Job Ndugai, who had asked the ministry to respond to speculations that the country will face a serious shortage of.... Read more »

Posted on : Wednesday , 1st July 2015

Tanzania Gas Discoveries Help Attract Investors

Dar es Salaam — Tanzania's Foreign Direct Investment (FDI) has risen by 14.5%, thanks to gas discoveries in the country including Songo Songo (below) writes LEONARD MAGOMBA. According to newly launched World Investment Report 2015, the growth makes Tanzania, the leading FDI's destination in the East African Community (EAC). However, the report indicates that Global FDI inflows in 2014 fell by 16% to $1.2 trillion, mostly because of the fragility of the global economy,.... Read more »

Posted on : Wednesday , 1st July 2015

Tanzania: Cement Firm Trains 250 Block Makers

The Tanzania Portland Cement Company Limited (TPCC) conducted a training to 250 cement block makers from Dar es Salaam that will foster safety at work, quality of block produced and efficiency in production process. Speaking to invited participants during the training in Dar es Salaam, TPCC, Commercial Director, Simon Delens said that the seminar was focused on health and safety, quality and increase efficiency that will boost development of the construction industry in the.... Read more »

Posted on : Tuesday , 30th June 2015

Tanzania Rural Power in Need of Private Cash

Dar es Salaam — The Rural Energy Agency (REA) has hinted that the availability of adequate fund and unwillingness of private sector to invest in off grid areas among major challenges towards improving access to electricity in rural communities writes EMMANUEL KISIMA. This was said by REA Solar Technology Specialist, Eng. Jones Olotu during the 2nd sub-Saharan Africa solar summit 2015 held in Dar es Salaam last week. He said the Agency in collaboration with the World Bank.... Read more »

Posted on : Tuesday , 30th June 2015

Tanzania: Industries on Energy Audit to Save Costs

Industries have embarked on energy audit to minimise electricity costs that account for between 15 and 40 per cent of total production overheads. The audit is a pre-requisite for industries to implement energy efficiency, but financing the exercise remains a big challenge. The Confederation of Tanzania Industry (CTI) backed the initiative through French aid agency--Sunref. CTI's Director of Policy and Advocacy, Mr Hussein Kamote, said yesterday that six companies have signed.... Read more »

Posted on : Tuesday , 30th June 2015

Tanzania: Construction of Four-Lane Regional Road Starts in Arusha

Arusha — Construction of the four-lane road linking Sakina section of Arusha City with the Tengeru Township in Meru has started, aimed at easing congestion along Arusha-Moshi highway. four-lane, two track motorway is part of the implementation of the proposed multinational Arusha-Holili highway which is to extend into Kenya and join the Taveta-Voi road project under the East African Community (EAC). Projects Manager of the Tanzania National Roads Agency (TANROADS), Eng.... Read more »

Posted on : Tuesday , 30th June 2015

East Africa: Demand for Cement in EA Remains Strong

DEMAND for cement in the East African Region is anticipated to remain strong in the medium term, supported by the resurgence in infrastructure and housing sectors. Also, apart from the associated energy costs and the availability of cheap imports from some Asian countries, demand for cement in East Africa has continued to rise. The growing demand for cement is expected to boost investments in new cement production in line with the retrofitting of old cement plants and the.... Read more »

Posted on : Tuesday , 30th June 2015

Africa: Cement newcomer Sephaku looking to expand trade market after stellar performance

 A “stellar” performance by cementation newcomer Sephaku Holdings’ Métier Mixed Concrete division has swung the group to a full-year net profit of R47.16-million for the 12 months ended March 31, positioning it to expand its market share in what has become a highly competitive domestic cementation market. The group achieved full-year revenue of R775.4-million and earnings before interest, taxes, depreciation and amortisation of R128.9-million for the.... Read more »

Posted on : Tuesday , 30th June 2015