Dar es Salaam — The World Bank Group commitment to continue supporting Tanzania was reaffirmed on Monday after it approved $130 million (Sh275 billion) aimed at financing the Tanzania Strategic Cities Project (TSCP).   The project, which is going on, started in 2010 in different cities and towns across the country.   Initially, the project was estimated to cost a total of $175.5 million (about Sh370 billion).   A World.... Read more »

Posted on : Wednesday , 1st March 2017

Cevital, an Algerian company, has signed a memorandum of understanding with the Ministry of Public Enterprises to construct three factories.   Cevital is a private company that is active in different sectors including railways, and manufacturing. The company earns four billion dollars a year. The MoU was signed on February 24, 2017, at the office of the Ministry of Public Enterprises, in the presence of Girma Amente (PhD), minister of.... Read more »

Posted on : Wednesday , 1st March 2017

Dodoma — Almost all senior officials of various ministries have shifted to Dodoma ahead of the deadline by President John Magufuli, the Daily News has learnt.   Dr Magufuli had issued an executive order, directing the government to move its seat to Dodoma within his first term as occupant of the country's highest office.   Prime Minister Kassim Majaliwa echoed the directive, declaring February as the deadline for all.... Read more »

Posted on : Wednesday , 1st March 2017

Building of the first three berths in Lamu port has started.   Transport Principal Secretary Irungu Nyakera said 20 per cent of the work has been done and the government will allocate Sh10 billion to the port project in the next financial year.   He said the government has already paid Sh4.6 billion to the contractor while another Sh2.9 billion would be paid before the end of this year.   The PS said the project would cost.... Read more »

Posted on : Wednesday , 1st March 2017

A 'bond week' campaign aimed at raising funds for the Grand Ethiopian Renaissance Dam (GERD) was launched across the country yesterday.   A special bond sale has been prepared for the second time as part of the 6th anniversary of the GERD, said Tagel Kenubeh, Deputy Director General for Office of the National Council for the Coordination of Public Participation on the Construction of GERD.   At the event, Addis Ababa City Mayor.... Read more »

Posted on : Wednesday , 1st March 2017

Uganda President, Yoweri Museveni, arrives in the country tomorrow for a two-day state visit, to explore various potential areas of bilateral economic partnership, among them, the improved cargo clearance at the Dar es Salaam Port.   President Museveni will also hold talks with his host, President John Magufuli on the East African Common Market as well as the ongoing project for the construction of the 1,443-kilometre pipeline to.... Read more »

Posted on : Saturday , 25th February 2017

Nairobi — Thirty-five Kenyan students will depart to China at the end of February on a scholarship program to prepare them for Kenya's new railway.   Transport and Infrastructure Cabinet Secretary James Macharia said the students will receive undergraduate education at Beijing Jiaotong University, a top university in China for railway studies.   "The students will receive high-level training for operating Kenya's railway.... Read more »

Posted on : Saturday , 25th February 2017

The Aviation, Travel and Logistics Limited (ATL Ltd) has its work cut out for the next two years as the new chief executive takes office and construction works of Bugesera International Airport kicks off.   Lucky Cheong, the new chief executive of the holding firm, said, at the moment, they are deeply involved in the design of Bugesera International Airport as well as construction.   He said as construction work for the new airport.... Read more »

Posted on : Saturday , 25th February 2017

Reports indicating that real estate developers and agents found it difficult to find clients to buy and rent high-end properties last year should give them a complete shift in their business models. Developers will be required to adjust to the new economic realities and come up with the type of houses that meet the capabilities of a majority of Dar es Salaam residents.   With a deficit of three million housing units, the market is still.... Read more »

Posted on : Friday , 24th February 2017

The construction industry has been playing crucial role in expanding infrastructures such as roads, schools, health centres, real estates, irrigation, residential houses and the like. Hence, it created job opportunities for hundreds of thousands allover the country and established value chains through facilitating markets to cement industries and small scale enterprises. As rapidly growing economy, the nation aims at cultivating the sector so.... Read more »

Posted on : Friday , 24th February 2017

Ethiopia is a rapidly growing country that has been scoring a double digit economic growth for a decade. The availability of untapped natural resources coupled with its being the second populous country in Africa further makes the nation advantageous. Among others, the construction sector is instrumental in catapulting the nation to higher levels of development.   Without the construction sector, the burgeoning of all the economic sub.... Read more »

Posted on : Friday , 24th February 2017

Members of Parliament have approved the relevance of the Bill establishing the levy on imported goods for the financing of African Union (AU) operations.   The Bill, if enacted into law, will help the Government collect around Rwf1.5 billion annual dues to sponsor AU affairs as the continent seeks to get rid of donor dependence.   At least $1.2 billion (about Rwf898 billion) is expected to be raised by all African states to cater.... Read more »

Posted on : Friday , 24th February 2017