Sharp Daily
No Result
View All Result
Thursday, May 15, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Tanzania-China $2.2B Railway Deal To Link Country With Burundi, DRC, Rwanda and Uganda

Editor SharpDaily by Editor SharpDaily
December 23, 2022
in News
Reading Time: 1 min read
The Tanzania-Zambia Railway (Tazara) also called the Uhuru Railway.

Tanzania has signed a $2.2-billion contract with a Chinese company to build a 2,561-kilometre railway line.

The line will link the Indian Ocean port of Dar es Salaam to Mwanza on Lake Victoria, with eventual spurs to Burundi, the Democratic Republic of Congo (DRC), Rwanda and Uganda, according to reports by the AFP.

Construction of the Standard Gauge Railway (SGR) from Tabora to Kigoma in western Tanzania will be completed in 2026, according to President Samia Suluhu.

“Upon completion of the SGR, Tanzania will be in a better position to utilise its strategic geographical positioning to facilitate cross-border trade,” she said.

RELATEDPOSTS

A magical birthday at the springs

May 8, 2025

Kenya braces for potential marburg virus spread amid Tanzanian outbreak

January 22, 2025

Read: List of Persons Who Signed The Infamous SGR Deal

Currently, Tanzania’s investment in the SGR has now reached $10.04 billion, including the latest contract.

“We have to borrow for this important infrastructure and other sustainable development projects because we don’t have enough local resources,” she said, dismissing criticism that the country was taking on too much debt.

The new investment will see cargo transportation costs between the Dar es Salaam port and the DRC reduce from a minimum of $6,000 per tonne to about $4,000 once it becomes fully operational.

Meanwhile, transportation time would fall from 30 days by truck to 30 hours in 2027.

Reporting by AFP.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

December 27, January 2 To Be Public Holidays

Next Post

Second Richest Company In The World Enters Kenyan Market

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025

LATEST STORIES

Retirement planning for non-salaried workers with CPRBS

May 14, 2025

How AGOA and EPZs can transform Kenya’s trade

May 14, 2025

Safaricom forecasts earnings boost as Ethiopian losses shrink

May 14, 2025

Why Kenya must rebuild it’s textile legacy

May 14, 2025

Structuring private equity deals in Kenya

May 13, 2025

Money market funds: Smart saving and investing in Kenya

May 13, 2025

Kenya in May: Safari, coastline & deals you shouldn’t miss

May 13, 2025

Public Health Spending expected to grow in line with ethical development goals

May 13, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024