Investments & Projects

The cement market environment in Tanzania is significantly taking new turn.Tanzania will soon see her cement production capacity surging to over 17 million tonnes, thanks to three new companies that have requested to invest in the country's cement sector.

GOLD mining companies intend to invest about $108 million next year to expand operations and increase bullion production by between 10 to 100 percent; findings from the latest industry status report have shown

Dar es Salaam — District Commissioners have asked the government to give them the role of attracting foreign investments.

China Merchants Holdings is in hot pursuit to acquire no less than a 40pc stake of the Ethiopian Shipping & Logistics Services Enterprise (ESLSE), a state-owned monopoly with a near complete control of the logistics business, sources close to the deal disclosed to Fortune.

On Wednesday, StarTimes launched a satellite digital television project in Kenya as part of its long-term agenda to bridge rural-urban information gap in the East African nation.

Chinese companies have shown interest to put up projects in such sectors as electronics, textiles, cosmetics, chemicals, pharmaceuticals and finance.

The Minister of Investment Dr. Mudathir Abdul-Ghani urged the Chinese companies for more investment in all sectors, particularly in textile, sugar, food and infrastructure sectors.

Despite what looks like economic downturn, investments in the fast growing telecommunications sector have been put at $68b as at July, 2016. Of this figure, $35 billion comes from Foreign Direct Investments (FDIs)

Dr. Ibe Kachikwu, to appear before its Committees on Petroleum (Upstream), Gas and Foreign Affairs to explain the rationale behind the $100 billion memorandum of understanding (MoU) he signed with Chinese companies and another proposed $15 billion investment deal with India.