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Browsing: Dar port
- Dubai-based logistics giant DP World will be given berths five to seven in the Port of Dar es Salaam to manage. The move comes as rising number of ports in Africa go private as governments seek to boost import/export trade.
- Tanzania plans to increase the port’s revenue collection by 233.7 per cent over the next 10 years under the DP World deal.
- The port handles various types of cargo, including containers, bulk cargo, and petroleum products for Tanzania, Rwanda, Burundi, DRC, and Uganda.
The port of Dar es Salaam, which the World Bank has labelled East Africa’s busiest and most modern, could see its fortunes rise following a deal by Tanzania with DP World to manage and develop it even further.
The Dubai-based logistics multinational DP World has entered into an Intergovernmental Agreement with Tanzania for the development of one of the vital harbours in East Africa.
Private sector infusing
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- China is one of Tanzania’s biggest trade partner
- Tanzania’s industrial economy has been growing over the past decade
- Tanzania has nabbed US$3 billion investment from China company
Investment in Tanzania is changing the labour market and industries in Tanzania for the better.
The government of Tanzania is doubling down on expanding its industrial complex as the new industrial scheme stands to draw around 100,000 direct jobs and 300,000 by 2025 and change Tanzania economy for good.
Tanzania’s industrial economy is slated to expand twelve-fold in the next three years, adding more support to the minor industrial landscape currently operating nationwide, while expanding the list of reasons to invest in Tanzania.
Industries in Tanzania have become a critical component of economic transformation. Tanzania has more than 62,000 small industries which add value to raw materials extracted internally.
READ: Tanzania bagging billions in natural gas investments
According to the Ministry of Investment, …