Tanzania and Burundi are stepping up initiatives to strengthen their relations. Yesterday, the Tanzanian finance minister announced the two countries have reached an agreement to construct a railway between Uvinza, in Tanzania, and Gitega, in Burundi.
The line will cover 282 km (156km in Tanzania, 126km in Burundi). Minister Mwigulu Nchemba said the project requires $900 million, without further details. The Tanzanian government aims to develop a Standard Gauge Railway (SGR) network that will link the port of Dar es Salaam to several neighboring landlocked countries. Last October, President Samia Suluhu agreed with her counterpart, Evariste Ndayishimiye, to invest in this ambitious project. Suluhu sees the project as an opportunity to boost trade revenues. It will enable “the transport of goods, especially minerals - including nickel from the famous Msongati in Burundi - to the port of Dar es Salaam so that it can be shipped to the international market,” she said.
Tanzania's plans to expand its rail network will improve trade with Uganda, Zambia, the DRC, and Rwanda.
Moutiou Adjibi Nourou
• Ivory Coast is said to be negotiating a €800M syndicated loan with Standard Chartered and Soc...
Located on the southeastern coast of Zanzibar, Jambiani is a coastal village that captivates visitor...
• Mali seeks $176M via WAEMU bond offering launched July 28, with 7- and 5-year tranches at 6.5...
MTN Uganda, MTN Mobile Money and the Uganda Hotel Owners Association signed an MoU on 1 August 202...
Credit stress rose as NPLs hit 14.3% by Nov 2024, driven by BEAC's rate hike to 6.75%. Concen...
• Aurum adds 820,000 ounces (25 tons) of gold to Boundiali project resources.• Total identified gold now reaches 2.41 million ounces, a 50% increase since...
• Starting August 20, 2025, travelers from Malawi and Zambia must pay up to $15,000 for U.S. visas.• The bond is refundable if visitors comply with...
• Ghana officially launched the Responsible Cooperative Mining and Skills Development Programme (rCOMSDEP) to reform artisanal and small-scale mining and...
• Senegal launched “Source Sénégal PPP” on Aug. 5 to digitalize PPP contract procedures.• The platform aims to boost investment with support from Germany...
• Tekken unveils "Miary Zo," a Malagasy female fighter who practices Moraingy, a traditional martial art.• She is the second African character in the...
Located on the southeastern coast of Zanzibar, Jambiani is a coastal village that captivates visitors with its authenticity and serene atmosphere, far...