Market News | Buildexpo Tanzania 2018

Market News

  • Tanzanian economy expected to grow vibrantly in 2018 and going forward

    Posted on :Wednesday , 11th July 2018

    The Minister for Finance of Tanzania said on Monday that the economy is expected to grow by 7.2 percent in 2018, up from around 7.1 percent last year, and the fiscal deficit will increase on the back of higher infrastructure spending.

     

    Economic output in the East African nation is expected to be boosted by positive activity in the key mining, construction, transport an. . .

  • Water projects under Tanga UWASA undergo major upgrade

    Posted on :Wednesday , 11th July 2018

    In a major development a contract between the Tanga Urban Water and Sanitation Authority (Tanga Uwasa) and Juin Company Ltd. for the rehabilitation of the Lushoto Town water infrastructure to ease water supply was signed. The project, is aimed at easing the supply of water in the district, and will be constructed to the tune of US $341,000 and is expected to take 8 months to be complete.

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  • BASF and Mitsubishi boost local presence in East Africa and ignite market competition

    Posted on :Friday , 8th June 2018

    In a significant indication of the investment potential of Tanzania, he world’s largest chemical company, BASF Group opened a new office in Dar es Salaam to support planned growth within the country. 

    BASF sources explained during the opening that their presence in the country will allow them to respond to challenges arising from the competitive conditions in the market, whil. . .

  • Warehouse construction is the next big target

    Posted on :Tuesday , 13th March 2018

     Developers are currently targeting the warehouse industry in Kenya and somehow moving away from the crowded construction of residential, retail and office space.

    With the construction industry in Kenya witnessing a boom in the residential, retail and office space, developers are currently targeting the warehouse industry as a new avenue to expand.

    Tilisi Developments L. . .

  • 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. . .

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