Tanzania Petroleum Development Corporation (TPDC) and Dangote Industries Tanzania have sealed a 20-year deal for supply of cost effective natural gas to generate electricity at Dangote's cement plant in Mtwara The new deal raises hopes for increased production and eventually reduced prices for cement in the domestic market.
Tanzania plans to construct the largest medical equipment manufacturing factory in Africa. The Government has signed a contract with Neusoft Medical Systems Company Ltd from China.
Tanzania has chosen Turkish construction company Yapi Merkezi Insaat VE Sanayi As and Portuguese firm Mota-Engil to build a US$1.1-bn railway to landlocked neighbours Burundi and Rwanda, Bloomberg reports.
Tanzania will receive a $305-million loan from the World Bank to expand its main port in its main commercial city Dar es Salaam, where congestion and inefficiencies are hampering ambitions to transform the east African nation into a regional transport hub.
President John Magufuli has confirmed that Turkey will be participating in the construction of the central railway project.
For almost a year, Tanzanian officials had been in a bitter $600-million dispute with Dangote Cement over investment incentives related to a new cement plant in Mtwara, southern Tanzania. The Nigerian company claimed the government was reneging on promises made by the previous administration.
Over 10,000 people are expected to be employed directly and indirectly at the Dangote Mtwara cement factory, slated to commence production in August.