Market News

 China Merchants Port comprehensive project proposal has been agreed and accepted by the Tanzanian government which has now officially submitted its letter of approval for the Bagamoyo Special Economic Zone venture. According to Tanzanian Ambassador to China Mr Mbelwa Kairuki, the letter was su . . .

 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 Re . . .

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 i . . .

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 constructio . . .

 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 Da . . .