Market News
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Tanzania: Chinese Bank to Loan U.S.$7.6 Billion for Railway Project
Posted on :Friday , 22nd July 2016
Plans for the construction of a 2,190-kilometre central railway line to standard gauge form are now up for implementation as Chinese Exim Bank has agreed to give a soft loan of 7.6 US dollars (about 16 trillion/-) to finance the project.
According to a statement issued yesterday by the State House, the amount is enough to cover construction of 2,190 kilometres. The . . .Tanzania: AfDB Gives US$ 200 Million Support to Boost Infrastructure
Posted on :Thursday , 21st July 2016
African Development Bank (AfDB) has announced a 200 million US dollars (over 400bn/-) support to the country's transport sector reforms during the 2016/17 fiscal year.
AfDB Vice-President responsible for Human Resources and Governance Alberic Kacou unveiled the financial support in Dar es Salaam when he visited Finance and Planning Minister Dr Philip Mpango yesterda. . .Tanzania: City Water Supply System Set For Sh476 Billion Expansion
Posted on :Tuesday , 19th July 2016
Arusha — The government has allocated Sh476 billion to expand the water supply system in the fast growing city.
This was announced over the weekend by the Director General of Arusha Urban Water Supply and Sewerage Authority (Auwsa) Ms Ruth Koya, while she took the newly-appointed Arusha District Commissioner Mrisho Gambo on a tour of the authority's water supp. . .Tanzania: Chinese Investors to Set up $100 Million Tile Factory
Posted on :Monday , 18th July 2016
Mkuranga — Chinese investors are will invest $100 million (about Sh218 billion) to set up a factory that will manufacture roofing tiles in the country, Prime Minister Kassim Majaliwa heard on Wednesday.
Goodwill Ceramic Limited will start constructing the factory in December this year at Mkiu village, Mkuranga District in Coast region, according to the Chinese. . .Tanzania: President to Re-Open Dodoma Airport Post Expansion
Posted on :Monday , 18th July 2016
Dodoma — President John Magufuli is expected to grace the re-opening ceremony of Dodoma Airport on Friday, next week, after undergoing a major expansion.
The Dodoma Regional Commissioner (RC), Mr Jordan Rugimbana, said here on Wednesday that the expansion was part of the government's initiative to move to the country's designated capital city. "This demon. . .Please Select an Option
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