Market News

In a significant indication of the investment potential of Tanzania, he world’s largest chemical company, BASF Group opened a new office in Dar es Salaam to support planned growth within the country. BASF sources explained during the opening that their presence in the country will allow them . . .

 Developers are currently targeting the warehouse industry in Kenya and somehow moving away from the crowded construction of residential, retail and office space. With the construction industry in Kenya witnessing a boom in the residential, retail and office space, developers are currently tar . . .

 In a meeting of finance ministers from Rwanda and Tanzania on Monday in Dar es Salaam, Tanzania, consideration was given the finance matters regarding accomplishment of the two countries’ US $2.5bn joint 521 km Isaka-Kigali SGR (Standard Gauge Railway) project.    Amb. Claver . . .

'The Pinnacle’ in Nairobi, Kenya, with a height of 300m is on track to become the tallest skyscraper in Africa, easily exceeding South Africa’s 223m Carlton Centre. With the foundation stone laid by Kenyan President Uhuru Kenyatta, construction has begun on the mega structure. Located i . . .

Government of Tanzania has approved a major project to develop a port and an adjoining industrial zone in Tanzania by the Oman Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts).   The proposal includes dredging of the navigational chan . . .