New Bugesera International Airport, Rwanda among projects that need US$1bn

Posted on :Wednesday , 13th August 2014

 The Government of Rwanda is planning to borrow US$1bn to fund various infrastructure projects in the country next year. The most pressing of the development projects on line is the construction of Bugesera International Airport and power plants.

Bank seeks to expand services in Kilimanjaro

Posted on :Tuesday , 29th July 2014

UCHUMI Commercial Bank (UCB) Ltd in Kilimanjaro Region has registered a 14.3 per cent profit rise as it targets to raise its capital from 2.5bn/- to 7bn/- by 2017.

Speaking at the bank’s annual general meeting during the weekend, Chairman of Board of Directors, Mr Wilson Ndesanjo said that the level of capital will ensure availability of sufficient liquidity for effective lending,. . .

New road to unlock \'The South\'

Posted on :Monday , 28th July 2014

Construction of a railway line to connect Mtwara Port in Mtwara Region and Mbamba Bay in Ruvuma Region to ease haulage of heavy cargo along the Mtwara Corridor in southern Tanzania is in the offing, President Jakaya Kikwete has announced.

Addressing a mammoth crowd at a public rally, the president said the government has found it ideal to construct the railway network to unlock t. . .