Dar es Salaam — The French Development Agency AFD will inject over Sh240 billion into renewable energy, water and transport projects in Tanzania.   AFD Representative in Tanzania Emmanuel Baudra, told reporters in Dar es Salaam yesterday that the latest development plans are in line with the French President's commitment to increase support by a 50 per cent by 2020.   The AFD Board in Tanzania has already approved more than.... Read more »

Posted on : Tuesday , 7th June 2016

President John Magufuli has invited investors from Jiangsu Province in China to partner with Tanzanians in setting up industries and building the infrastructure, particularly the standard gauge railway line. In line with the invitation, Dr Magufuli has assured Chinese investors of maximum cooperation from his government.   According to a statement issued in Dar es Salaam yesterday by the Directorate of Presidential Communications Unit,.... Read more »

Posted on : Tuesday , 7th June 2016

The University of Dar es Salaam (UDSM) is undergoing mega-infrastructural transformations that include construction of state-of-the-art modern library to accommodate over 800,000 books to be more globally competitive.   Doubling as a public library and resource centre, the library will have the capacity to host 6,000 people, a conference room and Confucius Centre that can accommodate 2,100 and 500 people respectively. The project is.... Read more »

Posted on : Saturday , 4th June 2016

Kampala — The French government, through its public bank and overseas development agency, Agence Française de Développement (AFD), has said it will commit €180m (Shs667b) to the development of the proposed Kampala-Jinja Expressway next year.   The loan was revealed by Ms Virgnie Leroy, the AFD's country representative, on Wednesday during a meeting with journalists in Kampala to highlight their projects in.... Read more »

Posted on : Saturday , 4th June 2016

The government has announced the start of construction works for the Nairobi Western Bypass aimed at reducing traffic congestion in the Capital.   The Kenya National Highways Authority (Kenha) said Thursday it has signed an agreement with the China Road and Bridge Corporation (CRBC) to carry out feasibility studies and designs for the development of the bypass as a high capacity expressway, paving way for its.... Read more »

Posted on : Friday , 3rd June 2016

Kajiado — Building companies are trying out polystyrene construction which offers good insulation, and uses less water and wood   Justus Opiyo lives in one of around 50 polystyrene houses in a new development in Kajiado County, southeast of Nairobi, and says it has a major advantage over his previous homes.   "Its temperature remains constant, even in extreme weather, unlike the houses I have lived in before," he.... Read more »

Posted on : Thursday , 2nd June 2016

The people and government of Ethiopia have recently celebrated the fifth year anniversary of the Grand Ethiopian Renaissance Dam (GERD), a multi-billion dollar hydro electric project, being constructed on the Blue Nile river, in the Guba Woreda, Benshangul-Gumuz State. They are cognizant to the fact that constructing the Dam has many fringe benefits to the country's economic growth through providing sustainable cheap power for local.... Read more »

Posted on : Saturday , 21st May 2016

The Tanzania-Zambia Railway (Tazara) is yet to be extended to four other countries including Rwanda, Burundi, Malawi and Eastern DR Congo as well as to Tanzania’s multibillion-dollar Bagamoyo port.   This is according to Government officials from Tanzania, China and Zambia who met in Dar es Salaam to discuss about the ailing infrastructure link that runs from Dar es Salaam to Kapiri- Mposhi in Zambia.   Rowland Msiska,.... Read more »

Posted on : Tuesday , 17th May 2016

The construction of  Ethio-Kenya Road  linking Kenya to Ethiopia is set to be completed soon; this is according to The Kenya National Highways Authority (KeNHA).   Regional Director for Eastern Africa Resource Centre of the African Development Bank Group, Mr. Gabriel Negatu confirmed the reports and said that the road which covers 121km of Merille-Marsabit and 122km of Turbi-Moyale will have a very significant impact in regional.... Read more »

Posted on : Thursday , 12th May 2016

East African Portland Cement Company (EAPCC) may be wooing the government into a real estate deal after the company failed to get approval to sell part of their land last year.   The listed cement maker's chief operating officer Albert Sigei told Lands Cabinet Secretary Prof Jacob Kaimenyi this week that the company was interested in partnering with government to put up low cost housing on its vast properties in Athi.... Read more »

Posted on : Saturday , 16th April 2016

LOCAL companies will benefit from a wide range of job and trade opportunities to be created as construction of the Bagamoyo Port begins next year, a top officer of Oman's State General Reserve Fund which finances the project has said.   Mr Mohamed Al - Tooqi, the SGRF Country Manager said in Dar es Salaam yesterday that many local companies would be sub-contracted for construction works of a 10 billion US dollar (over 20trn/-) port and.... Read more »

Posted on : Saturday , 16th April 2016

Dar es Salaam — Investors with Tanzania's two listed cement manufacturing firms are rubbing their hands in glee as the companies' boards of directors propose increased dividend payments from 2015 proceeds despite facing bitter competition from new markets entrants.   The board of directors for Tanzania Portland Cement Company Limited (trading as Twiga) has proposed a Sh306 per share which is 14.6 per cent increase from the Sh267.... Read more »

Posted on : Thursday , 14th April 2016