Market News

  In what can be described as a major boost, the National Housing Corporation (NHC) has secured a $2 billion (Sh4.5 trillion) loan from PTA Bank -- the financial arm of Comesa -- to construct a commercial centre and satellite city at Kawe in Dar es Salaam.   This was revealed by the dire . . .

 TANZANIA and Turkey business people are expecting to meet this Thursday to discuss how the two countries could extend business ties.   The one-day forum came merely seven months since Turkey President Recep Erdogan made a state visit in the country and signed various Memorandums of Unde . . .

 Dar es Salaam. LAPF Pensions Fund in the 2017/18 financial year has set aside Sh16 billion for the construction of three factories in Musoma, Kilimanjaro and Morogoro regions.   According to LAPF, its board of trustees has already approved the budget. In addition to that over 30,000 peo . . .

 The Dar es Salaam Maritime Gateway Project (DSMGP) launched by President John Magufuli yesterday is expected to boost the economy by significantly increasing Dar es Salaam Port's capacity.   The project is expected to enhance trade, both locally and within the East African Community (EA . . .

 Tanzania has received $51m (over 110bn/-) financial boost from Kuwait for construction of the 85-kilometre Chaya-Nyahua road in Tabora region.   President John Magufuli met the ambassador of Kuwait in Dar es Salaam, Jasem Ibrahim Al Najem, and through him thanked the Kuwait government f . . .