Market News
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China and World Bank form firm to fund Africa projects
Posted on :Wednesday , 14th September 2016
China and the World Bank have formed an infrastructure firm with an initial $500 million investment to help fund projects in Africa.
China Overseas Infrastructure Development and Investment Corporation Limited (COIDIC) will invest and manage projects from concept to feasibility studies. It will also follow up on financial close and take part in commercial oper. . .Africa: Experts Call for Creative Financing to Boost Infrastructure Development
Posted on :Thursday , 8th September 2016
The number of people involved in informal trade is growing, but most in the region don't have access to proper transport means.
This is one of the challenges highlighted during the last day of The Global African Investment Summit that closed on Tuesday in Kigali.It was noted that only one in four households in the Common Market . . .Tanzania: Sh32 Billion Mererani Road to Be Ready December
Posted on :Wednesday , 7th September 2016
Mererani — Upgrading of the 22 kilometre road linking Mererani gemstone mines to the rest of the country through Kilimanjaro International Airport (KIA) will be complete by the end of this year, it was revealed here recently.
The project costs Sh.32 billion and is being undertaken by a Chinese construction firm, China Henan International Corporation Grou. . .Tanzania: Govt to Pick Contractor for Sh16 Trillion Railway Line Project
Posted on :Friday , 2nd September 2016
Dar es Salaam — The Ministry of Works, Transport and Communication is currently in the process of procuring a contractor for the construction of the standard gauge railway line run from Dar es Salaam to Kigoma and Mwanza.
This comes just weeks after Tanzania signed a $7.6 billion (about Sh16 trillion) loan agreement with the Export-Import (Exim) Bank of . . .East Africa: New Railway Line Plan Sketched
Posted on :Thursday , 1st September 2016
The government has outlined a three-year timeline for the construction of a 7.6 billion US dollar (15 trillion/-) railway line - a major trade artery between Tanzania and its landlocked neighbours of Burundi, Rwanda and Democratic Republic of Congo (DRC).
The Standard Gauge project, which is supported by China's Exim Bank, is scheduled to start anytime from no. . .Please Select an Option
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