Market News

 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 thr . . .

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 Execu . . .

 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 . . .

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 r . . .

Brookwoods Capital, a privately held equity firm will be investing US$ 27b on the construction of Tanzania’s Mwambani Port and Railway Corridor (Mwaporc) project in Tanga, which is set to be one of the region’s largest development corridors. Construction of Mwambani Port and Railway C . . .