Market News | Buildexpo Tanzania 2025

Market News

  • AfDB Commits $2.5 Billion to Boost Tanzania's Infrastructure Development

    Posted on :Monday , 2nd June 2025

    The African Development Bank (AfDB) has committed US$2.5 billion to fund critical infrastructure projects in Tanzania, with over 70% allocated to transport-related developments such as roads, railways, and airports. According to Eng. Mumina Wa-Kyendo, Chief Transport Engineer at the AfDB Tanzania Office, the funding targets priority upgrades that will improve regional connectivity and logistics. . .

  • Tanzania Signs $385 Billion Deal to Build East Africa’s Largest Conference Centre

    Posted on :Tuesday , 1st April 2025

    The Arusha International Conference Centre (AICC) has entered into a cooperation agreement with the Public Service Social Security Fund (PSSSF) for the construction of the Mount Kilimanjaro International Conference Centre (MKICC), an a cutting-edge conference Centre valued at more than Sh385 billion.

     

    MKICC is expected to be completed in two years and operational by 2027, maki. . .

  • Tanzania and Burundi Ink $2.15bn Railway Deal with Chinese Firms

    Posted on :Monday , 10th February 2025

    Tanzania and Burundi have signed a contract with two Chinese companies to construct a railroad to transport metals, notably nickel, to Tanzania's port city of Dar es Salaam.

     

    China Railway Engineering Group and China Railway Engineering Design and Consulting Group are going to develop the $2.15 billion project, with financing from the African Development Bank (AfDB).

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  • $10 Billion SGR Project Transforms Tanzanias Economy and Regional Connectivity

    Posted on :Monday , 10th February 2025

    Tanzania's segment of the Standard Gauge Railway is taking shape, and when completed, it will serve as Africa's longest railway line. Tanzania's government has underlined the revolutionary economic benefits that the expanding railway has brought to the country thus far. Tanzania's SGR commenced operating in June and amounts to a $10 billion project.

    &nbs. . .

  • Tanzania Allocates 34 Billion Shillings for Manyovu Customs Center and Major Road Projects

    Posted on :Thursday , 12th September 2024

    Innocent Bashungwa, Minister of Construction, explained that 34 billion shillings were recently assigned for the construction of an integrated Customs Center (One Stop Boarder Post-OSBP) in the Manyovu area, which is on the border of Tanzania and Burundi, that will assist the Kigoma Region do trade with neighbouring countries.

     

    Bashungwa announced this to the people of Mnanira. . .

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