Market News

From agreements signed during the 2021 African Investment Forum, East African governments would collectively benefit from investments totaling at least USD 8.77 billion in transportation, healthcare, energy, and agriculture, among other areas. The African Development Bank (AfDB) organised the t . . .

Tanzania is ready for regional integration and is in the process of completing road and railway networks with the goal of linking neighbouring countries,  hence contributing to continental integration efforts, President Samia Suluhu Hassan has said. Connecting AfricaHowever, the country wi . . .

In East Africa's major cities, the skyline is changing. From the ageing buildings, potholed roads and chaotic transport systems, a new order is emerging. New skyscrapers have sprouted and big-ticket transport infrastructure networks are in the works. In Nairobi, East Africa's business and finan . . .

The government of Tanzania has announced plans to invite international tenders for the construction of the Isaka-Kigali standard gauge railway that starts from Isaka dry port to neighbouring countries of Rwanda and the Democratic Republic of Congo (DRC). Hassan Abbasi, chief government spokespe . . .

East Africa has more than $435 billion of active projects, of which $221 billion are under construction.  A fast-growing population that will increase by 25 per cent over the next ten years drives the demand for infrastructure development. East Africa consists of 20 countries and a combine . . .