Sharp Daily
No Result
View All Result
Thursday, June 18, 2026
  • 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

Safaricom rolls out tap-to-pay m-pesa in Tanzania

March 19, 2026

Kenya advances SGR expansion without chinese loans

March 3, 2026

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

Family Bank investors set for Sh1.9 billion gain as bank lists on NSE

June 18, 2026
News

Africa faces fish supply squeeze despite record global production, UN report warns

June 17, 2026
News

Digital Identity Infrastructure and Trust in Modern Fintech Systems

June 16, 2026
News

Data-Driven Lending and Credit Scoring in Digital Finance

June 16, 2026
Money

Kenya misses out on World Bank emergency funding as Sh97.1 billion loan awaits approval

June 16, 2026
News

Understanding market capitalization and its importance in investment analysis

June 15, 2026

LATEST STORIES

Kenya’s Investment Landscape at a Critical Turning Point: The Strait of Hormuz Breakthrough

June 18, 2026

Glovo deepens kenya investment with kSh10 billion commitment by 2030

June 18, 2026

DStv subscriber base in Kenya falls to 248,053 in first quarter of 2026

June 18, 2026

Family Bank investors set for Sh1.9 billion gain as bank lists on NSE

June 18, 2026

Africa faces fish supply squeeze despite record global production, UN report warns

June 17, 2026

Kenya proposes new shisha rules with fines rising to Sh1 million

June 16, 2026

Digital Identity Infrastructure and Trust in Modern Fintech Systems

June 16, 2026

Data-Driven Lending and Credit Scoring in Digital Finance

June 16, 2026
  • 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