Tanzania has anchored a US $1.46bn concessional credit from the Standard Chartered Bank Group to subsidize its Morogoro-Dodoma standard check railroad (SGR). As per Dr. Philip Mpango, Finance Minister the new credit is a piece of an understanding came to with Standard Chartered Bank Group Executive Director Bill Winters in Dar es Salaam, which will go to finance the 430 km line among Morogoro and Makutupora. The legislature has so far.... Read more »

Posted on : Thursday , 20th 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.... Read more »

Posted on : Friday , 7th September 2018

Rwanda Development Bank (BRD) has unveiled a housing project, which promises to ease the shortage of affordable housing in the country. A certified study by the City of Kigali, the Ministry of Infrastructure, and the European Union showed that Kigali could face a housing deficit of 344,000 homes by 2020. Currently about 800 and 1,000 housing units are constructed in Kigali annually, the majority targeting high-income earners, leaving the.... Read more »

Posted on : Saturday , 1st September 2018

The Rukwa coal plant project is scheduled to complete the processing plant upgradation work by the end of September. The company carrying out the project Edenville Energy said that post upgradationthe plant will allow for increased throughput. After reviewing various options for acquiring a pre-screening plant to remove the majority of coal fines before reaching the washing circuit, both in Tanzania and overseas, a suitable configuration was.... Read more »

Posted on : Saturday , 1st September 2018

The Minister for Finance of Tanzania said on Monday that the economy is expected to grow by 7.2 percent in 2018, up from around 7.1 percent last year, and the fiscal deficit will increase on the back of higher infrastructure spending.  Economic output in the East African nation is expected to be boosted by positive activity in the key mining, construction, transport and communications sectors. In a special address to the parliament,.... Read more »

Posted on : Saturday , 1st September 2018

In a significant development a contract between the Tanga Urban Water and Sanitation Authority (Tanga Uwasa) and Juin Company Ltd. for the rehabilitation of the Lushoto Town water infrastructure to ease water supply was signed. The project, is aimed at easing the supply of water in the district, and will be constructed to the tune of US $341,000 and is expected to take 8 months to be complete. Tanga Water Utility Company, Acting Managing.... Read more »

Posted on : Wednesday , 22nd August 2018

In a significant indication of the investment potential of Tanzania, he world’s largest chemical company, BASF Group opened a new office in Dar es Salaam to support planned growth within the country. BASF sources explained during the opening that their presence in the country will allow them to respond to challenges arising from the competitive conditions in the market, while also extending their reach to more customers. Part of the.... Read more »

Posted on : Wednesday , 22nd August 2018

Reputed to be largest event in East Africa of its kind, the show dedicated to the building and construction industry will be held from 21st to 23rd March,2019 in Addis Ababa. Buildexpo has grown in several aspects in 2018 Africa’s most promising economy is opening up to international investors. After a very successful show in Kenya, Buildexpo Africa is on its way to make a similar impact in the Ethiopian construction industry. The event in.... Read more »

Posted on : Thursday , 7th June 2018

Built to provide access to irrigation for almost 27,043ha of land once complete the construction of the US $37m Gidabo Irrigation Dam in Ethiopia is almost complete and is expected to begin operations in the next few months. The dam will have the capacity to hold 63 million cubic metres of water and stands 21.2m tall The Ethiopian Construction Works Corporation (ECWC) which is a result of a merger between the Ethiopian Road Construction.... Read more »

Posted on : Thursday , 7th June 2018

Keeping in mind the 'Big Four' agenda, Kenya is all set to build 30,000 low cost homes in the region. The project will see the light in the region of East Nairobi with 5,000 houses in Shauri Moyo, 20,000 houses in Makongeni, 3,000 houses in Starehe and 2,000 units in Park Road estates.   State House spokesperson Mr. Manoah Esipisu informed that the project will be completed in a span of six months, a dead line set by the team responsible.... Read more »

Posted on : Wednesday , 9th May 2018

Kenya’s application to be inducted in the China-led Asian Infrastructure Investment Bank (AIIB) has been accepted, creating a big financial boon for the developing nation. It will be a cheaper solution for Nairobi’s financing needs with regards to infrastructure. AIIB’s Vice President and Corporate Secretary Sir Danny Alexander commented in a statement, "We're very happy to welcome Papua New Guinea and Kenya as prospective.... Read more »

Posted on : Saturday , 5th May 2018

The newly upgraded Outer Ring Road in Eastlands will now boast of 11 footbridges the construction of which is currently underway  KURA chief corporate communication officer John Cheboi yesterday said the Chinese firm Sinohydro Tianjin Engineering Limited will construct the footbridges at a total cost of Sh880 million. The company has started putting up the footbridge at Baba Ndogo area and sources said that the process will continue until.... Read more »

Posted on : Thursday , 19th April 2018