Market News
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Uganda: France Pledges Shs667 Billion for Expressway Project
Posted on :Saturday , 4th June 2016
Kampala — The French government, through its public bank and overseas development agency, Agence Française de Développement (AFD), has said it will commit €180m (Shs667b) to the development of the proposed Kampala-Jinja Expressway next year.
The loan was revealed by Ms Virgnie Leroy, the AFD's country representative, on Wednesday during a me. . .Ethiopia's Grand Dam Well on its Way to Completion
Posted on :Saturday , 21st May 2016
The people and government of Ethiopia have recently celebrated the fifth year anniversary of the Grand Ethiopian Renaissance Dam (GERD), a multi-billion dollar hydro electric project, being constructed on the Blue Nile river, in the Guba Woreda, Benshangul-Gumuz State.
They are cognizant to the fact that constructing the Dam has many fringe benefits to the country's economic grow. . .Tanzania-Zambia Railway to be extended to four countries
Posted on :Tuesday , 17th May 2016
The Tanzania-Zambia Railway (Tazara) is yet to be extended to four other countries including Rwanda, Burundi, Malawi and Eastern DR Congo as well as to Tanzania’s multibillion-dollar Bagamoyo port.This is according to Government officials from Tanzania, China and Zambia who met in Dar es Salaam to discuss about the ailing infrastructure link that runs fro. . .Tanzania: B'moyo Port Construction to Create Numerous Jobs
Posted on :Saturday , 16th April 2016
LOCAL companies will benefit from a wide range of job and trade opportunities to be created as construction of the Bagamoyo Port begins next year, a top officer of Oman's State General Reserve Fund which finances the project has said.
Mr Mohamed Al - Tooqi, the SGRF Country Manager said in Dar es Salaam yesterday that many local companies would be sub-contracted for. . .Tanzania: Cement Firms Propose Increased Dividends
Posted on :Thursday , 14th April 2016
Dar es Salaam — Investors with Tanzania's two listed cement manufacturing firms are rubbing their hands in glee as the companies' boards of directors propose increased dividend payments from 2015 proceeds despite facing bitter competition from new markets entrants.
The board of directors for Tanzania Portland Cement Company Limited (trading as Twiga) has propo. . .Please Select an Option
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