Market News | Buildexpo Tanzania 2024

Market News

  • Tanzania has begun construction on Phase 4 of the SGR, which will connect Tabora and Isaka.

    Posted on :Tuesday , 31st January 2023


    The Tabora-Isaka leg of the Standard Gauge Railway's foundation stone was placed on January 18, 2023 by Tanzania's Vice President, Dr. Philip Isdor Mpango (SGR).


    The portion is 165 km long (130 km + 35 km of intersections), and it is situated in the Shinyanga area.


    The parts are being built by the Turkish firm Yapi Merkezi, and they should be f. . .

  • Investing in Africa is a wise business decision and a long-term company strategy.

    Posted on :Tuesday , 27th December 2022

    Now is the best time to make an investment in Africa. However, because overseas investment choices are frequently painstakingly overstructured, investors have not rushed to the region as quickly as expected. An important contributory component is too much risk. However, risks and profits go hand in hand; high-risk undertakings are typically correlated with larger earnings.


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  • Zanzibar signs an agreement to build roads worth Sh537.8 billion

    Posted on :Monday , 28th November 2022

    Roads of 103.5 kilometres will be built on the islands of Unguja and Pemba.

    The Zanzibar government has signed a road development contract with Propav, a UK business, in collaboration with Mwananchi Engineering and Construction Ltd, a Tanzanian company (MECCO). The contract calls for the construction of three highways totaling 103.5 kilometres on Unguja and Pemba Islands.

  • Tanzania's rating improves as a result of the government's efforts to improve the investment climate.

    Posted on :Wednesday , 26th October 2022

    Earlier in October, Moody's Investors Service upgraded the Government of Tanzania's outlook from stable to positive and reaffirmed the B2 long-term issuer ratings in both foreign and domestic currencies.


    According to the rating agency's statement, Tanzania's political risks have decreased as a result of President Samia Suluhu Hassan's administration's new strategy for pro. . .

  • Tanzania's Dodoma Stadium, the largest stadium in Africa

    Posted on :Wednesday , 21st September 2022

    Pauline Gekul, the deputy minister for culture, arts, and sports, revealed that the government was ready to begin construction of the proposed Dodoma Stadium. Gekul made the revelation while responding to a question from Innocent Kalogeris, the MP for Morogoro South, in Dodoma.  


    The Deputy Minister stated that currently, the government is looking for funding for the pro. . .


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