Market News

Construction of Terminal Three at the Julius Nyerere International Airport (JNIA) has been completed by 65 per cent and the government has promised to use funds from domestic revenue sources to complete construction work of Phase II of the project which will cost about 290bn/-.   Upon complet . . .

Dar es Salaam — The government has shown positive reception of the interest by United Arabs Emirates (UAE) Hamilton Aquatics club of building modern swimming pool as well as providing sports academy with training facilities in the country.   The officials who jetted in were: Hamilton Aq . . .

The EC140D comes with a Tier 2 engine and combines fuel efficiency, hydraulic performance, and operator comfort with wide attachment options   Volvo CE has introduced its new excavator, the EC140D, to the Middle East and Africa market in the 12-16t weight class.   The Swedish equipment . . .

Dar es Salaam — China has pledged more development support for Tanzania to enable the country meet targets set in the 2016/20 National Development Plan and achieve the ambition to build the industrial economy.   The Chinese minister of Foreign Affairs, Mr Wang Yi, issued the promise dur . . .

Private sector players in the country have appealed to the government to amend the Special Economic Zone Act and the Tanzania Investment Act to enable the country set up modern industrial parks to attract more investments, particularly from China.   The Executive Director of the Tanzania Priv . . .