Market News
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Qalaa Invests in East Africa Cargo as China Builds Rail Link
Posted on :Thursday , 22nd January 2015
Egyptian private-equity company Qalaa Holdings SAE is investing $70 million to accelerate the movement of rail cargo carried from East Africa’s busiest port, as it faces competition from a new Chinese-backed link.
Qalaa controls Rift Valley Railways Ltd., the operator of a railway built almost a century ago running from Kenya’s Mombasa port to neighboring Uganda.Tanzania: Bunge Committee Hails Nkasi Irrigation Project
Posted on :Monday , 19th January 2015
Namanyere — MEMBERS of the Parliamentary Local Authorities' Accounts Committee (LAAC) hailed
Nkasi District Council for constructingLwafi /Katongolo irrigation scheme whic. . .Tanzania: New Board Challenged to Take NDC to New Heights
Posted on :Saturday , 17th January 2015
THE Minister of Industry and Trade, Dr Abdallah Kigoda, has challenged members of the newly appointed board of directors of the National Development Corporation (NDC) to work together in ensuring that the corporation achieves its intended goals and objectives.He made the remarks in Dar es Salaam when launching the new board. Dr Kigoda said their appointment confirmed that it was . . .Tanzania: Mtwara Cement Plant to Offer 10,000 Jobs
Posted on :Saturday , 17th January 2015
OVER 10,000 people are expected to be employed directly and indirectly at the Dangote Cement Factory at Msijute area in Mtwara Region, which is slated to commence production in August.The factory, which is owned by Africa's richest person,
Alhaj Aliko Dangote, has as well announced p. . .Tanzania seals new tax deal with mining firms
Posted on :Saturday , 17th January 2015
The Tanzanian government has signed an agreement with mining companies operating in the country.The agreement sets new terms for royalty payments, scrapping the 15 per cent value-added tax (VAT) relief and increasing the fees companies pay for services they get in the mining areas.
AngloGold Ashanti and Geita Gold Mine were the first companies to sign the deal. . .Please Select an Option
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