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Market News

  • Tanzania Inaugurates Phase 1 of Egypt's $35 Million Elsewedy Industrial Complex

    Posted on :Wednesday , 12th January 2022

    Tanzanian President Samia Hassan inaugurated the 1st phase of Egypt's Elsewedy Industrial Complex in Tanzania, which includes investments totalling $35 million, Elsewedy Electric said in a statement on 6th Dec 2021.

     

    The president, accompanied with Egyptian and Tanzanian key officials, also laid the foundation stone of the Egyptian Industrial City (EIC) in the Kigamboni distri. . .

  • Tanzania Water and Sanitation Services to Benefit from USD 25M from USAID

    Posted on :Friday , 19th November 2021

    Tetra Tech, a consulting and engineering service company, has been awarded by the U.S. Agency for International Development (USAID) a 5 year, US$ 25 million contract to support the Government of Tanzania in expanding and sustaining the delivery and management of water, sanitation, and hygiene (WASH) services in urban and rural settings.

     

    Through the USAID Tanzania Water and Sa. . .

  • Tanzania to Experience Strong Economic Growth in 2022 and 2023, AfDB Projects

    Posted on :Friday , 19th November 2021

    The African Development Bank (AfDB) has recently released its East Africa Economic Outlook 2021 report, estimating that Tanzania’s GDP will grow by 2.8 per cent in year 2021, and projecting a strong rebound for year 2022 and 2023 with 4.9 per cent and 6.3 per cent economic growth respectively.

     

    The report reviews the economic performance of the 13 countries under the AfD. . .

  • Kurasini Industrial, Logistics Park Project Up For Grabs

    Posted on :Friday , 3rd September 2021

    The government has finally floated a tender calling for competent strategic investors to develop the Kurasini Industrial, Trade and Logistics Park project on a standard lease arrangement.

     

    "The authority now invites eligible local and international real estate developers or consortia to submit their expression of interest to develop the project," said Export Processing Zone Au. . .

  • Tanzania: Govt Banks On Manufacturing Sector, Trade to Boost Economy

    Posted on :Friday , 30th July 2021

    THE government of Tanzania is improving the manufacturing sector and trade to boost the economy and make the country develop.

     

    German International Development Cooperation (GIZ) has supported a desk study to identify what the manufacturing sector needs to grow and uplift the livelihoods of Tanzanians.

     

    GIZ funds this initiative through the Confederation of Ta. . .

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