Tag Tanzania

Tanzania Launches $5bn Project for New Capital city

  THE government of Tanzania has officially launched the construction of a new administrative capital, named Magufuli, with an estimated cost of $5bn. The city, located just 17 kilometres from the current capital, Dodoma, is set to become the new…

Tanzania And China Sign $77m deal For Iron Ore Project

TANZANIA’S state-owned National Development Corporation (NDC) has partnered with the Chinese company Fujian Hexingwang Industrial Co. Ltd to develop the Maganga Matitu iron ore project in the Njombe Region. The agreement, valued at $77.4 million, was signed on August 3…

Tanzania Unveils 541-km Railway to Enhance Trade

TANZANIA inaugurated a 541-km modern standard gauge railway on Thursday, connecting its administrative capital Dodoma with the commercial hub Dar es Salaam. Built by Turkish company Yapi Merkezi, this railway is part of a broader initiative to improve transport infrastructure…

Tanzania Preesident Fires Ministers In Cabinet Reshuffle

IN a strategic move to regain the trust of foreign powers and bolster her programme of economic and political reforms, Tanzania’s President Samia Suluhu Hassan has dismissed two senior government officials, including the foreign minister. The announcement came late on…

IMF Approves $786.2m For Tanzania To Combat Climate Change

THE IMF announced on Thursday that its executive board has approved a funding package for Tanzania amounting to $786.2 million to aid in addressing climate change. Additionally, a separate review has been completed, allowing for the disbursement of $149.4 million…