N e w s

Tanzania sets aside US$17m for construction of ring road

 The Ministry of Works in Tanzania has set aside US$17m for construction of ring roads in Dar es Salaam Tanzania.   The funds are aimed at constructing tarmac ring roads in the city to ease traffic being experienced. The government has already set aside US$1.2m for the installation of road lights from Mwenge to Tegeta along Ali Hassan Mwinyi Road.   This was revealed by the Minister of Works Dr. John Magufuli during a tour of.... Read more »

Posted on : Friday , 15th August 2014

Fiber cement and steel structure will make housing cheaper in East Africa

Technological revolutions could make building cheaper with introduction of Fiber Cement siding, a building material that is used to cover exterior of a building in both commercial and domestic housing applications. Fiber Cement is made of sand, cement and Cellulose fibers.   Fiber cement is manufactured in sheet form or horizontal boards. The product is nailed onto place on steel structure. It is easier to see how combination of steel.... Read more »

Posted on : Friday , 15th August 2014

Tanzania: Sh28 Billion Set Aside for Ring Roads in Dar

 THE Minister for Works, Dr John Magufuli, has said the 2014/15 financial year would see a total of 28bn/- being spent on the construction of 79.9 kilometre- long ring roads in Dar es Salaam.     He was speaking during a one-day visit to the roads under construction on Monday, where he highlighted the government's resolve to see the roads completed to ease traffic jams in the city.     "The money will be used.... Read more »

Posted on : Wednesday , 13th August 2014

Tanzania: Local NGO to Construct Development Institute

 WARD Vision, a local non-governmental organisation (NGO) in collaboration with Janada Bachelor Foundation for Children (JBFC) from the US through the American Embassy in Dar es salaam expects to construct a modern development institute at Ikindwa Bukene in Nzega District, Tabora Region.     Ward Vision Chairman, Mr Laurent Shauri said on Monday in Dar es Salaam that they want to contribute knowhow, knowledge and technology.... Read more »

Posted on : Wednesday , 13th August 2014

Kenya: Bank, Shanzu TTC to Build Sh28 Million Hostel

 FINANCIAL institutions should partner with tertiary ones and county governments to spur development, Kisauni MP Rashid Bedzimba has said.     Speaking during the ground-breaking ceremony for a Shanzu Teachers Training College Business School hostel yesterday, Bedzimba said financial institutions have a role to play in county development.     Jamii Bora Bank has partnered with the Shanzu TTC to construct the hostel.... Read more »

Posted on : Wednesday , 13th August 2014

New Bugesera International Airport, Rwanda among projects that need US$1bn

 The Government of Rwanda is planning to borrow US$1bn to fund various infrastructure projects in the country next year. The most pressing of the development projects on line is the construction of Bugesera International Airport and power plants. The government was forced to borrow from the international community after foreign investors failed to fund key projects in the country. The airport will be located in southeastern Rwanda,.... Read more »

Posted on : Wednesday , 13th August 2014

Kenya: Chinese Firm to Build Three Berths in Kenya's Lamu Port

 Nairobi — Kenyan President Uhuru Kenyatta on Friday signed a 480 million U.S. dollar agreement with a Chinese firm for the construction of the first three berths of Lamu Port in the coastal region.     The deal for the three berths under the Lamu Port - South Sudan - Ethiopia Transport Corridor Project (LAPSSET) Corridor Program was signed with China Communications Construction Company Ltd.     Kenyatta said.... Read more »

Posted on : Monday , 11th August 2014

US$45.5m multi-storey car park to be constructed in Nairobi, Kenya

City Hall Nairobi has announced a tender notice for the construction of a 3000 multi-storey car park in Nairobi’s Central Business District (CBD). The project involves developing an AT Sunken Car Park building at a cost of US$45.5m. The project will be undertaken through a public private partnership where the Government of Nairobi County is expected to provide the land for the project, while investors will provide the funds.... Read more »

Posted on : Monday , 11th August 2014

Freedom Property Fund kicks off new residential developments

 Newly-listed Freedom Property Fund today announced it has launched several major projects, including two residential property developments, which will boost its portfolio of income-generating rental stock. It is also unlocking capital by releasing residential properties for strategic sale to the market.   Following Freedom’s successful listing on the JSE Main Board on 12 June 2014, it has commenced and progressed several.... Read more »

Posted on : Monday , 11th August 2014

Kenya: China to Ship in 5,000 Foreign Workers for the Mombasa-Nairobi Standard Gauge Railway Project

 China Road and Bridge Corporation will bring in 5,000 workers to work on the standard gauge railway, Kenya Railways MD has said.     The works on the 609km railway is expected to kick off in September after a frosty start that was marred with claims of corruption. Parliament gave the project a clean bill of health.     "The contractor will bring in the workers and get additional ones locally. We have also.... Read more »

Posted on : Friday , 8th August 2014

Bank seeks to expand services in Kilimanjaro

UCHUMI Commercial Bank (UCB) Ltd in Kilimanjaro Region has registered a 14.3 per cent profit rise as it targets to raise its capital from 2.5bn/- to 7bn/- by 2017. Speaking at the bank’s annual general meeting during the weekend, Chairman of Board of Directors, Mr Wilson Ndesanjo said that the level of capital will ensure availability of sufficient liquidity for effective lending, cater for expansion of services, meet regulatory.... Read more »

Posted on : Tuesday , 29th July 2014

Construction works of Taveta-Mwatate Road begins

President Uhuru Kenyatta commissioned construction works of the crucial road that traverses across the vast county and which has been ignored since independence. Local leaders lauded President Kenyatta saying the tarmacking of the road will not only spur growth in the county but ease transportation of people and goods between Kenya and Tanzania in the spirit of the East African Cooperation. The 110 km road links Tanzania and Kenya through.... Read more »

Posted on : Monday , 28th July 2014



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