Investments & Projects

The Bank of Tanzania (BOT) Monthly Economic Review of July 2020 shows that in the year ending June 2020 exports continued to improve as many economies were re-opened from the COVID-19 pandemic lockdown.

Most lenders offer loans for home purchase and equity release while a few offer loans for self-construction which mostly continue to be beyond the reach of the average Tanzanians.

Ministry of Electricity directed investments of LE 438 million to raise the efficiency of electricity networks in the East West sector of the South Delta Electricity Distribution Company during the period from July 2019 until June 2020.

A hearing of an existing dispute in which London Distillers Kenya Limited (LDK) is challenging the construction of a multi-billion-shilling housing project in Athi River is ongoing at the Environment Tribunal after court overruled applications for adjournment.

Morocco’s interministerial commission for investments has approved 45 investment projects for a total budget estimated at MAD 23.38 billion ($2.42 billion). The projects are expected to generate 3,194 direct jobs and 5,406 indirect positions.

The African Development Bank’s Board of Directors has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study for construction of a standard-gauge railway (SGR) link between Ethiopia and neighboring Sudan, the Bank said in a statement sent to Addis S...

Over 300,000 Kenyans have registered for the AHP on the Boma Yangu Portal with over 25,000 active contributors. Registered members who have contributed the minimum 10 per cent of the value of the houses they are interested in, qualify for the allocation of houses.

Morocco has begun building an economic zone in Fnideq, a city near the border with the Spanish enclave of Ceuta, Spanish news agency EFE reported.

Addis Ababa June 7/2020(ENA)The construction of the Grand Ethiopian Renaissance Dam (GERD) is well underway in a bid to begin filling of water with the scheduled time frame, Deputy Prime Minister Demeke Mekonnen disclosed.