Market News
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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. . .Megha Engineering completes 4 major projects worth Rs. 3100 cr
Posted on :Thursday , 1st September 2016
Megha Engineering & Infrastructures Ltd., has completed four major projects during the first quarter of this year with a total outlay of Rs. 3100 crore, including an infra project in Tanzania and the major lift irrigation project of Pattiseema that links Godavari and Krishna rivers and a project under Mission Bhageeratha.
Of the four projects, two were ina. . .Tanzania receives $2m for water, power projects
Posted on :Monday , 29th August 2016
Tanzania is to develop irrigation and hydropower projects in the southern highlands after receiving $2.26 million under the Africa Water Facility (AWF) project for a 22-month pre-feasibility study.
The project will be funded by the Africa Development Bank (AfDB) and the government of Tanzania.The Tanzania project is part of AWF&. . .Ethiopia sets up $10 million ceramic factory to stem imports
Posted on :Friday , 26th August 2016
The Himrawi Investment and Trading Private Limited Company has invested $10million in construction of a ceramic factory as the country looks to local industries to tame biting shortage.
According to the company general manager Frealem Shibabaw the company has conducted studies and ascertained mineral wealth at Sekota area in Amharic State, Northern Ethiopia.Africa: Dar, Lusaka Review Legal Hitches to Revitalise Tazara
Posted on :Friday , 26th August 2016
Tanzania and Zambia governments are reviewing Tanzania-Zambia Railway Authority (TAZARA) Act of 1995 to allow private investments in the joint-owned railway and make it run commercially.
Addressing stakeholders of TAZARA in Dar es Salaam yesterday during a trilateral cooperation of Zambia, Tanzania and China to mark 40th Anniversary of the authority, Assistant. . .Please Select an Option
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