Sharp Daily
No Result
View All Result
Wednesday, September 17, 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

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025

A magical birthday at the springs

May 8, 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

News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025
News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025

LATEST STORIES

Sustainable mixed-use developments in Kenya

September 17, 2025

Real Estate project financing models shaping successful developments

September 12, 2025

Alternative investments: Opportunities and risks

September 12, 2025

Mid-September momentum: CMMF posts strong yields and growing trust

September 12, 2025

Unlocking Home Ownership Through Retirement Savings in Kenya

September 12, 2025

The role of FDIs in driving sustainable development

September 11, 2025

How increased oversight can clean up the insurance sector without stifling innovation

September 11, 2025

Why retail investors hold the key to Kenya’s capital market growth

September 11, 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