Browsing: Tanzania Railway Corporation (TRC)

Railway-Construction
  • The new East Africa electric railway line seeks to tap into the $3 trillion market opportunity under the Africa free trade agreement.
  • Tanzania first signed a $2.2 billion deal with China in December last year to revive its railway network.
  • In Kenya, the Mombasa to Malaba SGR cost a total of $4.85 billion funded by China Exim Bank loan.

Tanzania and Burundi have entered into an agreement to build a cross-border electric railway line that will connect the two countries passing through the neighboring Democratic Republic of Congo, a critical investment that is set to revamp business in East Africa and beyond.

 

Both countries have submitted a proposal for the design and construction of the 282-kilometres of electrified railway starting from Uvinza in Tanzania to Gitega in Burundi and connecting both countries through the DRC.

 

Once complete, the new transport corridor, which will be the continent’s second cross-border

CAG Report, PCCB
  • More than $33 million was poorly spent by various Tanzania government institutions including through inappropriate allowances to staff, audit shows.
  • Lugalo Hospital, an institution belonging to Tanzania’s military, paid over $14,000 to a supplier for consultation and design without charging withholding tax.
  • Corrupt officials in Tanzania’s Ministry of Health paid over $8 million to Toyota Tanzania and UNICEF for the purchase of motor vehicles that were never delivered.

Tanzania could be hurtling towards a fiscal risk as an increasing number of loss-making state-owned enterprises turn into avenues for plunder and embezzlement of public funds by corrupt public servants.

The latest audit report by the Controller and Auditor General (CAG) and Prevention and Combating of Corruption Bureau (PCCB) shows hundreds of state-owned enterprises in Tanzania are in the soup for sanctioning graft-ridden transactions leading to the loss of millions of public money.

The rot starts from the top. Take for instance, …