Market News | Buildexpo Tanzania 2024

Market News

  • World Bank Greenlights Sh1 Trillion Funding for Dar es Salaam Metropolitan Development Project

    Posted on :Tuesday , 27th February 2024

    Dar es Salaam's road network is about to undergo a significant modification, thanks to the upcoming commencement of Phase Two of the Dar es Salaam Metropolitan Development Project (DMDP). This decision comes amid a loan agreement worth Sh988.9 billion was signed with the World Bank (WB) last week.

     

    DMDP Phase Two will include the upgrading of a 250-kilometer stretch of road in. . .

  • Tanzania Government Set to Ink 15 Road Construction Contracts Totalling Over 1 Trillion

    Posted on :Wednesday , 29th November 2023

    The Tanzania Roads Agency (TANROADS) intends to sign 15 contracts for the construction of asphalt roads and bridges for 1.034 trillion shillings to boost infrastructure services in the country.

     

    This statement was made by Innocent Bashungwa, Minister of Construction, during supplementary replies in Parliament in Dodoma during the Fourth Session, 13th Meeting.

     

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  • $3.24 Billion to be Invested in Tanzania SGR Construction by Spain

    Posted on :Friday , 29th September 2023

    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 of establishing the railway which will run from Makutupora to Mwanza and from Tabora-Morogoro all. . .

  • Tanzanian Government Secures EUR 300 Million for Infrastructure Projects

    Posted on :Monday , 31st July 2023

    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 Deutsche Bank against non-payment by the Tanzanian government on the loan facility a. . .

  • Tanzania's Economic Growth to Rely Strongly On Construction Activities in 2023 & 2024

    Posted on :Wednesday , 7th June 2023

    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 storage industry (which contributed 14.2% to economic growth), agriculture, and mining were key growth . . .

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