Market News
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How Will Trump Impact East Africa's Industrialisation Drive?
Posted on :Wednesday , 28th December 2016
The global mood has shifted since Donald Trump’s surprise victory in the US presidential election. Europeans are fretful and Mexicans are panicking but many of the US investors we met in mid-November have become intensely optimistic about the prospects for their own economy. No one is quite sure whether this will benefit emerging markets or not and many Trump supporters probably don&rsquo. . .
Tanzania: Chinese Firm Wins Power Plant EPC Contract
Posted on :Thursday , 22nd December 2016
Aim-listed Kibo Mining has awarded the Engineering, Procurement and Construction (EPC) contract for the construction of the power plant element of the Mbeya coal-to-power project (MCPP) to Chinese contractor, SEPCO III.
Located in Tanzania, the MCPP includes a 250 - 350 MW mine mouth power plant. "Signing the EPC Cover Agreement is the most decisive step forwar. . .Tanzania: 10 Districts to Get Modern Court Buildings
Posted on :Wednesday , 21st December 2016
Sumbawanga — Chief Justice Mohamed Chande Othman said here that the 12.3bn/- given to the judiciary by President John Magufuli for building and rehabilitating courts has enabled ten districts to have modern buildings.
The Chief Justice revealed this when he met Rukwa Regional Commissioner (RC) Zelothe Steven and when he addressed court senior workers from Rukw. . .Tanzania: USD 1.6 Billion Mega Resort to Come Up in Zanzibar
Posted on :Tuesday , 20th December 2016
Zanzibar — China's MCC Overseas Company has signed a contract to build the Zanzibar Amber Resort in Matemwe Village. The resort will be one of the biggest in the East African region, say project owners.
The signing ceremony, witnessed by dignitaries including Speaker of the Zanzibar House of Representatives Zubeir Ali Maulid, his deputy, Mgeni Hassan Juma, leg. . .Multi Billion Dollar Fertilizer Plant Coming To Tanzania
Posted on :Tuesday , 20th December 2016
Construction of a multitrillion shilling fertiliser plant with envisaged daily production capacity of 3,850 tonnes is scheduled to start in Kilwa, Lindi Region, by next March. The petrochemical complex, a partnership project under a consortium of investors from Tanzania, Europe and Asia, is among the largest fertiliser investments in the continent.
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