Market News

Tanzania: Sh32 Billion Mererani Road to Be Ready December
Tanzania: Sh32 Billion Mererani Road to Be Ready December
7 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 undertak . . .

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Tanzania: Govt to Pick Contractor for Sh16 Trillion Railway Line Project
Tanzania: Govt to Pick Contractor for Sh16 Trillion Railway Line Project
2 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 billio . . .

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East Africa: New Railway Line Plan Sketched
East Africa: New Railway Line Plan Sketched
1 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, w . . .

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Megha Engineering completes 4 major projects worth Rs. 3100 cr
Megha Engineering completes 4 major projects worth Rs. 3100 cr
1 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 proje . . .

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Tanzania receives $2m for water, power projects
Tanzania receives $2m for water, power projects
29 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 . . .

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