Market News
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Kenya-Tanzania, transnational highway project set to start in 2018
Posted on :Friday , 17th November 2017
With the African Development Bank (AfDB) looking for financial partners capable of investing US $385.2m towards the construction of the highway connecting Kenya and Tanzania, construction work on the US $751.3m Kenya-Tanzania Highway is set to begin in 2018.
According to AfDB Chief Regional Program Officer, Lawson Zankli, US $289m has already been set aside fo. . .Strandline Resources look to complete mine in 12 months time
Posted on :Wednesday , 11th October 2017
Strandline Resources have conducted a definitive feasibility study (DFS) for the Fungoni heavy mineral sands project in Tanzania and have concluded with results of a strong financial performance.The study has shown that the company will need to invest $30m in developing projects, while investments are also lacking in working capital, mine infrastructure,. . .Yapi Merkezi Nab High Speed Rail Project in Tanzania
Posted on :Monday , 9th October 2017
Turkish Firm Yapi Merkezi Insaat VE Sanayi is the project contractor for a high-speed electric railway line and will undertake all designing and construction activities.
The Turkish company is a renowned, privately owned firm of great repute in rail engineering, manufacture, design, and construction.
RAHCO confirmed that Yapi Merkezi was picked to head the project af. . .
Second Phase of the Standard Gauge Railway Construction Underway
Posted on :Wednesday , 4th October 2017
Construction of the second phase of the standard gauge railway (SGR) is set to get underway soon. The project will connect the capital city of Dodoma and the commercial hub of Dar-es-Salaam.
While speaking at the Eight East and Central Africa Roads and Rail Infrastructure Summit in Dar-es-Salaam, Prof Makame Mbarawa who is the Minister o9f Works, Transport and. . .Major Road Upgrades Underway in East Africa; ADB to be Financier
Posted on :Tuesday , 3rd October 2017
The Tanzanian governments have designs on upgrading the dual carriageway stretch of the Arusha-Holili road as they look to find funds to finance the project and upgrade the rest of the road. The carriageway stretches 14.2 kilometers and will pose as an arduous endeavour.The government has taken taken steps to approach the Japanese gover. . .Please Select an Option
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