M a r k e t N e w s

Construction elevates in Tanzania

Posted on : Friday , 7th September 2018

DAR ES SALAAM  -- According to the Minister for Finance and Planning, Philip Mpango, emphasis in 2018 and further will be focused on construction and rehabilitation of infrastructure including airports, railways, roads, bridges and ports. He said approx. 5.3 billion U.S. dollars for the upcoming 2018 fiscal year, have been allocated for implementation of the outlined development plan and projects. The Government of Tanzania today outlined five priority areas and development projects for the financial year 2018, shifting focus towards the  construction of industries in order to reignite economic progress.

Presenting the economic survey report for 2017 and the national development plan for 2018 in parliament, the Minister for Finance and Planning, Philip Mpango, said the plan will also focus on creating an enabling environment for doing business in Tanzania and human resource development.

Philip Mpango, the Hon' Minister for Finance and Planning said that the focus is on creating an environment that enables doing business in Tanzania and develop human resource capabilities. While presenting the economic survey report for the previous year and the national development plan for 2018 in the parliament he said that about 5.3 billion U.S. dollars(12 trillion Tanzanian shillings) has been allocated for the implementation of the projects outlined in the development plan, which is equivalent to 37% of the total budget for the upcoming 2018 fiscal year.

Sources indicated that the amount of 9.8 trillion shillings will be sourced locally while 2.1 trillion will come from foreign sources. Mr. Mpango also stated that the utilization of locally available agricultural raw materials, minerals and natural gas to establish industries will be the govenrments core objective. 

Creating an enabling environment for doing business will be ensured and subsequent emphasis will be focused on construction and rehabilitation of infrastructure including airports, railways, roads, bridges and ports. 

Source : Bizmart
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  • Crown has grown to a company with an annual turnover of 4.4 Billion Kenya Shillings and now produces 2 Million Litres of paint per month
  • Proceq manufactures high-quality portable testing instruments for the non-destructive testing of material properties of metal, concrete, rock, paper and composites.
  • Ceramic World Web is the first and only electronic magazine devoted to the entire ceramic industry production chain, from manufacturing through to distribution of floor and wall coverings and bathroom furnishing.
  • HawkeyePedershaab is the world’s leading provider of innovative solutions for the concrete pipe and manhole markets
  • Arihant has evolved into a full range of children Playground equipment, Water Park Equipment, Amusement Rides as well as it owns and operates its own water park called
  • ACTION CONSTRUCTION EQUIPMENT LIMITED (ACE) is India’s leading material handling and construction equipment manufacturing company with over 54% market share in mobile cranes segment.
  • Kirby Building Systems Building Systems is one of the largest pre-engineered steel building (PEB) companies in the world
  • We are primarily involved in the following product range of material processing equipment: Crushing Equipment, Screening Equipment and Washing Equipment.
  • KlipKlamp Mounts
  • Solahart has manufactured over one million solar hot water systems installed in 80 countries on every continent around the world.
  • SIDC Ceramic Plant is a state of the art blend of European technology and expertise.
  • Equipment & Tires that construct Africa
  • SINTER SUD has been manufacturing premium quality hard metal items, through modern technologies and innovative production processes.
  • TETRA STRUCTURE company acquired an international reputation for the design and realization of materials intended for the manufacture of concrete elements.
  • Weiler is one of the leading suppliers of machinery and complete production facilities for the manufacture of concrete precast worldwide.
  • The company was founded by Luther O. Draper in 1902 to manufacture window shades for schools, and that was Draper
  • Stylam Industries Limited, where creativity and skills meet with each other to change the definition of a range of laminates
  • Athi Steel
  • Alumil S.A. is the largest privately-owned aluminium extrusion group in South-East Europe, in terms of production, distribution network and range of aluminium profile systems.
  • Global Village Publishers East Africa Limited (GVP) is a locally incorporated communications company with the enviable reputation of a stickler for quality, innovation and creativity
  • Exporter of Alloys & tool steel
  • Natural stone an exporter and a trader
  • Involved in spectrum of activities like Industrial Flooring, Waterproofing, Repairs and Rehabilitation and Acidproof Treatments etc.
  • Varsiva Enterprises Ltd is a major importer and exporter of construction equipment and machinery.
  • Bin Dhahi Trading LLC offers wide range of Items for the use of Building and Road Constructions, Industry, Safety for workers, Construction Chemicals, Power Tools, Hand Tools, Paints, Painting accessories, Adhesives, Abrasives, Water proof/Fire proof
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade