Tanzania

TANZANIA TO GET WATER PROJECT BY MWAUWASA

Posted on by Gambeta News
TANZANIA TO GET WATER PROJECT BY MWAUWASA

Mwauwasa to help reduce Tanzania water shortage by developing a US $16.7m water project. Tanzania which has been having a short supply of water in recent years is expected to have a US $16.7m water project that will be embark by Mwanza Urban Water Supply and Sanitation Authority (Mwauwasa) that will serve at-least  45,000 residents in the country. The mini-project which is jointly funded by the European Investment Bank (EIB), French Development Agency (FDA) and the Tanzanian government will…

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TANZANIA’S BAGAMOYO PORT CONSTRUCTION IN GOOD PROGRESS

Posted on by Gambeta News
TANZANIA’S BAGAMOYO PORT CONSTRUCTION IN GOOD PROGRESS

Bagamoyo port construction in good progress but the country miss out on ownership after falling short of the required fund as per the contract signed with China and Oman. The Bagamoyo Port is a proposed port to be constructed in Bagamoyo, Tanzania. The port which is the largest government infrastructure projects in the country and is expected to be the largest port in the east Africa. The port construction is a collaboration of China and Oman which…

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BARRICK GOLD REPORTS US$11m LOSS

Posted on by Gambeta News
BARRICK GOLD REPORTS US$11m LOSS

Barrick Gold Corporation announces US$11m loss due to Goodwill payoff agreement with Tanzania. The world’s largest mining company Barrick Gold Corporation has reported that it lost US$11m in the third quarter due to an increase of a tax provision related to a goodwill payoff of US$300m, the company agreed with Tanzania. Previously the tax provision of the company – which is the amount it agreed would be paid by its subsidiary Acacia to Tanzania was US$128 million…

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ALIKO DANGOTE CRITICIZES PRESIDENT OF TANZANIA OVER POLICIES

Posted on by Gambeta News
ALIKO DANGOTE CRITICIZES PRESIDENT OF TANZANIA OVER POLICIES

Foreign Investors stress worry over the recently signed government policy requesting a free 16% ownership in all foreign owned businesses President of Dangote Industries, Mr. Aliko Dangote expressed his frustration over the enacted law, stressing that Mr. John Magufuli (President of Tanzania) is “coming through the back door to seize assets”. He made this statement while attending a summit organised by the Financial Times, in London this week. The State Stake Law, makes it mandatory…

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US$2.5BN WIND PLANT CONSTRUCTION MOVED FROM KENYA TO TANZANIA

Posted on by Gambeta News
US$2.5BN WIND PLANT CONSTRUCTION MOVED FROM KENYA TO TANZANIA

Swedish firm decides to move the 600mw wind power plant construction after kenya’s energy department cite lack of framework for renewable energy. VR Holding AB which is a Swedish firm has decided to move the 600mw wind farm construction from Kenya to Tanzania because the Ministry of Energy turned down the request citing lack of framework for renewable energy projects of that scale as well as low demand for electricity in the country. The project was turn…

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MPALE VILLAGE IN TANZANIA GETS LIGHT PROJECT AFTER 45YEARS

Posted on by Gambeta News
MPALE VILLAGE IN TANZANIA GETS LIGHT PROJECT AFTER 45YEARS

The project which is expected to have at least 50 households in Mpale village, Korogwe District in Tanzania was launch between the United Nations Capital Development Fund (UNCDF) in collaboration with Ensol Tanzania Ltd. The project will connect the  power to the area which will improve social lives and boost economic activities. Deputy Permanent Secretary, Ministry of Energy and Minerals, Dr Juliana Pallangyo while speaking during the launch; ”I would like to thank UNCDF and Ensol for…

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WORLD’S LARGEST DRONE SERVICE TO BE LUNCHED IN TANZANIA

Posted on by Gambeta News
WORLD’S LARGEST DRONE SERVICE TO BE LUNCHED IN TANZANIA

Tanzania has partnered with Zipline International Inc. to launch the world’s largest drone delivery network in January, with drones transporting blood and medicines out of the skies to save the lives of women giving birth and children struck by malaria. California’s Zipline will make 2,000 deliveries a day to more than 1,000 health facilities across the east African country, including blood, vaccines and malaria and AIDS drugs, following the success of a smaller project in…

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