Browsing: Dar es Salaam

• East African cities dominate the top five performing cities, including Kampala, Antananarivo, Mwanza, and Dar Es Salaam.
• While Sub-Saharan cities are expected to witness marginal gains in productivity compared to global counterparts
• Despite currently being the second-largest region by aggregate city GDP, the report forecasts that the South will be overtaken by the East African Cities by 2050.

East African cities are poised for strong economic growth between 2024 and 2050, outpacing other regions on the continent, an analysis by Oxford Economics has shown.

The report indicates that these cities will experience an average GDP growth rate of 3.5 per cent annually, primarily fueled by significant inflows of foreign direct investment and strategic initiatives the East African Community (EAC) implemented to bolster sectors such as business services and manufacturing.

In contrast, Southern African cities are anticipated to face the weakest outlook, with a projected GDP growth rate of 1.7 per …

• Traders across East Africa are shunning the Port of Mombasa in favour of Dar es Salaam Port citing higher fees.
• Uganda complains that up to 50% of their traders’ costs go to port clearance and transport expenses from Mombasa.
• The entry of DP World into the Dar es Salaam port promises improved vessel discharge times, lower fees, and increased profits, a move that will significantly challenge Mombasa.

In the shadow of rising cranes and towering cargo ships, the Port of Mombasa faces a formidable rival in the form of the Dar es Salaam port in Tanzania. Both harbours have set their sights on becoming the primary entry point to the promising opportunities in East African Community, a market of approximately 500 million people. The competition is fierce, and the stakes are high.

Mombasa port vs Dar es Salaam: The battle for East Africa’s gateway

As of 2022, cargo handling at …

• The new route will run on Monday, Wednesday, and Saturday every week using Boeing 787-9. This model is Air France’s leading aircraft in African skies.
• Airline’s expansion will offer travelers more choices and contribute to the growth of Tanzania’s tourism industry.
• Travel-related revenue in Tanzania nearly doubled to $2.56 billion in 2022 from $1.31 billion previously.

The first flight from Paris Charles de Gaulle to Dar es Salaam’s Julius Nyerere International Airport has been launched by Air France, the national airline of France.

Air France is demonstrating its belief in Tanzania as a destination for both business and leisure travel. The new route adds to the airline’s existing service between Paris and Zanzibar.

Air France to fly three times per week

The Boeing 787-9, a highly effective and environmentally friendly aircraft operated by Air France to sub-Saharan Africa, will fly the route on Monday, Wednesday, and Saturday every week.…

• In recent years, Islamic banking has grown on average two to three times faster than conventional banks.
• No interest clause and bank-client partnership attracts investors to Islamic banking.
• AlHuda Centre of Islamic Banking and Economic (CIBE) to hold Islamic banking summit in Tanzania (August)

Over the course of the last decade, Islamic banking has grown on average two to three times faster than conventional banks. Even in the middle of the global financial crisis, ‘assets of Islamic banks grew at an average rate of 17% per year’ reports Ernst and Young (E&Y), in their latest World Islamic Banking Competitiveness report.

Notably, Islamic banks differ from conventional banks because they operate under the principles of Islamic law or sharia. These laws prohibit banks from collecting usury and so Islamic banks do not charge interest on loans.

The Islamic finance market can be divided into Islamic Banking, Islamic Insurance or what …

A careful study of the 2011 flood’s socio-economic impacts on Dar es Salaam indicated that the flood events damaged properties worth millions and the government was forced to spend a total amount of US$796,968 in rescuing and relocating vulnerable communities who lived in the low-lying areas of Dar es Salaam’s districts.

Per World Bank research, which offers clear insight into the matter, exposure to floods is a widespread phenomenon affecting at least 39 per cent of the population, or two million people, having been impacted either directly or indirectly by floods.

The April 2018 floods alone affected between 900,000 and 1.7 million people, and among the affected households, 47 per cent (18 per cent of the city’s population) reported health impacts.…

The Aga Khan Health Services, the arm of the Aga Khan Development Network (AKDN) that supports activities in health across Africa and Asia has announced a new partnership with the French Development Agency (Agence Française de Développement – AFD) to establish infectious disease units in two of Tanzania’s cities.

The two entities have signed a €300,000 grant agreement to establish Infectious Diseases Units (IDU) in Dar es Salaam and Mwanza. The Infectious Disease Units will offer full-fledged services, capacity building, infrastructure, and technology to enhance the quality of service delivery.

The grant will enable the strengthening of the current system to address challenges pertaining to infectious disease control management. It will enable the Aga Khan Hospital, Dar es Salaam to respond adequately to pandemics, such as COVID, including addressing issues pertaining to inadequate health infrastructure and capacity.

The grant of €300,000 is provided as part of the worldwide “COVID-19–Health in …

The Standard Gauge Railway (SGR) project, is a railway under construction in Tanzania which was seeded in 2016, linking the country’s strategic regions and neighboring countries including, Rwanda, Uganda, Burundi and the Democratic Republic of Congo (DRC), the anticipated project with the line length of approximately 1,800 kilometers, intends to revolutionize mobility and distribution of commodities in Tanzania, through replacing the ineffective meter-gauge railway system.

The Turkish (Yapi Merkez)  contractor, is on the clock to bring to life the awaited transportation machine that, might transform Tanzania’s economy (for starters; production, labor supply, and consumption). Tanzania Railway Corporation (TRC), the state-owned railway company, oversees a strategic railway network of 2,561 kilometers length, of which is a 112-year-old German colonial transportation remnant. Running from Dar es Salaam (nation’s
business hub) to Kigoma, then having a north-south connection Korogwe to Ruvu. More than USD 1.2 billion has been attached to the project, which …

Tanzania is set to test its first, maiden, cheaper and very superior own funded electric train. The train is tipped to be one of Africa`s high speed trains with projected speeds of up to 160 mph.

Speaking at a historic event to launch the flash butt welding of the Standard Gauge Railway (SGR) exercise that took place at Soga in Coastal region outside Dar es Salaam, the Minister for Works, Transport and Communications, Eng. Isaac Kamwele said first trials for speedy electric train will be conducted in July this year to cover a section of the SGR.

The first 300 kilometers phase running from Dar es Salaam to Morogoro with 6 stations in between will commence its operations in December this year. This will be three passenger trains in phase one at the starting point that will be taking daily round trips between the two cities. Each passenger train is …