Market News

 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 asc . . .

 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 Za . . .

 Civil servants and employees from the private sector have been assured of adequate accommodation in the designated administrative city of Dodoma, as the National Housing Corporation (NHC) seeks to raise 60bn/- to put up between 300 and 500 houses in the capital.   Even with the envisage . . .

 The construction of Tanzania’s standard gauge railway (SGR) along the central corridor is set to start in December 2016. The 2,190km railway involves the construction of a SGR from Dar es Salaam-Tabora-Isaac-Mwanza, Tabora-Mpanda-Kalemela, Tabora-Kigoma and Uvinza-Isaac-Keza-Msongati. . . .

The Chinese-funded Standard Gauge Railway (SGR) project will speed up economic transformation in Kenya and the larger eastern African region through increased cross-border trade, investments and easy mobility of skilled personnel, experts told Xinhua in recent interviews.   China's Exim Bank . . .