Browsing: Dar es Salaam

Tanzania will subject the SGR to its first formal testing in May after the completion of the construction of the first phase in April.…

There are a number of -Exim Banks in the world which makes it hard to distinguish which is which.

For starters, Tanzania has officially opened its newest branch in Dar es Salaam’s Mkwepu Street following the bank’s successful acquisition of UBL Bank.

UBL is a subsidiary of Pakistan’s UBL Bank and the acquisition comes as Exim Bank plans to spread and expand nationwide.

Consolidation Tanzania’s banking sector

With the acquisition, Exim Bank becomes the first private sector bank to embark in the consolidation of the banking sector in the country.

Post-acquisition Exim Bank becomes one of the top 5 banks in the country with an asset base of TSh1.7 trillion (USD 738 million).

“We are delighted by the diverse base of customers that will be joining Exim bank family and we assure the customers that we are thrilled to have you on board, and we commit to ensure that you …

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 …

The serene rural Tanzanian landscape has wowed more than 1000 tourists from Israel who have just concluded their week-long tour of the country, leaving them planning for more future visits to explore the beauty of the country further.

The visitors from the Middle East have also expressed their admiration of the friendly attitude shown by the Tanzanians who they said were easy to make acquaintance with, noting that Israel stands a good chance of investing in cultural tourism.

The tour guide and leader of the group, Hagit Geffen stated they were surprised by the Tanzanians way of life as most of them seem to live in rural areas far away from towns and cities, and still the government manages to reach out to all these places, providing electricity, water and other essential services.

One of the tourists in the group observed that while back home in Israel people live in …