Market News

Dar es Salaam — Ericsson is considering to invest an unspecified amount in various sectors of Tanzania.   It is looking up to sectors of transport, energy, technology, finance and public safety and security, according to sub-Saharan Africa head of government and industry relations, Mr S . . .

 Nkasi — The government has allocated more than 31bn/- for rehabilitating three ships and purchasing of a new one during the 2016/17 financial year.   The Minister for Works, Transport and Communications, Prof Makame Mbarawa, revealed that after inspecting the Kipili anchorage alon . . .

 Ethiopian Roads Authority (ERA) aims to construct as well as maintain around 23,000 kilometers of road across Ethiopia during the just started fiscal year.   Commenting the plan Dereje Hailu, Communication Team Leader at ERA, said the Authority aims to upgrade and build new roads that s . . .

 Ethiopian Parliament, during its extraordinary session last week, approved a 127-million-dollar loan agreement with the Korea EXIM bank for the Gore-Tepi road connectivity improvement project.   The poor condition non-paved road is planned to be upgraded to an asphalt concrete road at a . . .

Lindi — Tanzania Ports Authority (TPA) has begun improving infrastructure at Mtwara, Lindi and Kilwa ports to prepare them for the emerging economic opportunities brought by oil and gas finds in southern regions.   Mtwara Port Manager, Stella Katondo, said the ports are also set to serv . . .