Market News
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Construction of a super highway linking Liberia and Cote d Ivoire set to kick off
Posted on :Monday , 1st June 2015
The construction of a super highway linking Liberia and Côte d’Ivoire is set to kick off and the project will be funded by the African Development Bank (AfDB).
According to the AfDB outgoing President, Dr Donald Kaberuka the project will start soon since they are currently evaluating on the budget that will be able to complete the project in the recommended time.TANZANIA AIMS FOR BIG RESULTS WITH DAR ES SALAAM PORT EXPANSION
Posted on :Tuesday , 26th May 2015
The Tanzanian port of Dar es Salaam was once the most efficient in sub-Saharan Africa.
The performance of the port, which is the second-largest in east Africa, has slipped dramatically over the past 20 years.Ships are often forced to wait to dock and the transit of goods through the port is slow. The World Bank estimates that tr. . .Ethiopian construction firm makes inroads in Tanzania
Posted on :Saturday , 23rd May 2015
Flintstone Engineering, a little known Ethiopian firm, is targeting the Tanzanian market, thanks to a programme run by the German Technical Cooperation (GIZ).
Currently, the company is undertaking a USD 3.5m National Housing Corporation project in Tanzania, said Flintstone founder and Chief Executive Officer, Moges Tadese.
“In Tanzania we have only one projec. . .
Dangote Cement New Factory In Tanzania To Start Production In August 2015
Posted on :Friday , 22nd May 2015
Aliko Dangote, the owner of Dangote Cement announced that the new Tanzania factory is ready to start production by August 2015.The company who is the largest manufacturer of cement in the African continent is building a USD 500 million factory in southern Tanzania with an annual capacity of 3 million tonnes.
The Tanzania plant will supply the domestic market a. . .Kisarawe dry port coming soon
Posted on :Monday , 11th May 2015
A private cargo handling and logistics company, DSM Corridor Group Ltd, has started construction of a dry port in Kisarawe district, 40km from Dar es Salaam port. The project will cost a total Tsh32.8 billion ($17 million).
According to DSM chief executive officer Erik Kok, the move is aimed at reducing congestion at the Dar es Salaam port.
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