Market News
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Tanzania begins the construction of largest port in East Africa
Posted on :Monday , 19th October 2015
Tanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize.
Officials in Tanzania believe that the construction of lar. . .Newly constructed Mombasa port terminal to start operation in mid 2016
Posted on :Friday , 16th October 2015
Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be operational in June, 2016.
Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year.
The terminal which has a c. . .Djiboutis New Deal With This East African Nation Will Expand The Capacity Of Its Port
Posted on :Friday , 16th October 2015
Ethiopia and Djibouti have signed a deal worth $1.55 billion for the construction of a 550km refined petroleum products pipeline linking the two countries. The 20-inch pipeline which will transport diesel, petrol and jet fuel from Damerjog port in Djibouti to Awash terminal in central Ethiopia has been contracted to Black Rhino Group and Mining Oil & Gas Services (MOGS). Construction work i. . .
Tanzania: Pemba Airport Up for Upgrading
Posted on :Thursday , 15th October 2015
A FEW days after laying foundation stone for the modern terminal building at the Abeid Amani Karume International Airport (AAKIA) on Unguja Island, President Ali Mohamed Shein has promised to upgrade the current small airport in Pemba to international level.
View Comments"Plans are underway to extend the runway, expand the airpor. . .Tanzania Inaugurates China Funded Gas Pipeline
Posted on :Monday , 12th October 2015
Tanzania on Saturday officially inaugurated a 535-kilometer China funded gas pipeline, reported Xinhua.
The pipeline built with a $1.33-billion concessional loan from the Export-Import Bank of China transports natural gas from Tanzania's southern region of Mtwara to Dar es Salaam. Construction started in June 2013 and was undertaken by China Petroleum Technology and Development C. . .Please Select an Option
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