Africa > East Africa: Construction of Modern Trade Logistic Centre Starts Next Year

Africa: East Africa: Construction of Modern Trade Logistic Centre Starts Next Year


THE government will any time from now start paying compensation of over 60billion/- to Kurasini residents to give way for construction of China-Tanzania Logistic Centre scheduled to start early next year.


The Minister for Industry and Trade Dr Abdallah Kigoda said the compensation exercise is scheduled for completion before the year end.

"The construction is set to follow thereafter and probably early next year," Dr Kigoda told the 'Daily News' at the sideline of opening of Stanbic Kariakoo Sokoni branch on Tuesday.

The logistic hub has been necessitated following the increased trading turnover in Kariakoo market from traders coming from landlocked countries that neighbour Dar es Salaam.As well at current situation, Kariakoo logistic and infrastructure are not allowing expansion. "This opportunity could not be let to pass away," Dr Kigoda, an economist, said.

The construction of the Sino-Tanzania centre is planned to cost 400 million US dollars (about 640bn/-) and some of the goods would be assembled or manufactured at the hub.Previously reports show that the government's agreement with China is to construct the centre through joint venture (JV).

The JV is between Yiwu-Africa International Investment Corporation representing the Chinese government and EPZA standing in for Tanzania government.The agreements include the construction of a national of the art platform logistic centre at Kurasini in Dar es Salaam, which will be the regional business hub serving Tanzania and neighbouring countries.

The hub's construction is expected to be done in two phases. The first phase for trading platform while the second comprises an industrial park for price addition to agricultural produce, trading centres, wholesale markets, warehouses, exhibition and conference centres.The project which will as well be known as the China-Tanzania Logistic Centre will act as the envisaged business hub for East and Central African countries.

Related Articles
  • “Africa will become the food basket of the world” – Dangote

    2017/10/17 Nigerian business leader Aliko Dangote told investors Africa will become the food basket of the world.” In a packed room at the headquarters of world law firm Shearman and Sterling LLC high-level business leaders and international diplomats invited by the Corporate Council for Africa to hear Africa’s richest man, Aliko Dangote, and Rwandan president Paul Kagame openly discuss on Africa’s opportunities and challenges.
  • Drought cuts 14pc in tea production

    2017/10/17 Tea production in the initial eight months of the year dropped 14 % due to a severe drought in the initial quarter. Monthly data from the Tea Directorate indicate the volumes of the crop dropped from 309 million kilos last year between January and August to 265 million kilos in the corresponding period this year.
  • Guinea says economic growth to dip to 5.8% in 2018

    2017/10/17 Guinea’s economy will grow 5.8 % in 2018, down from an expected 6.7 % in 2017, the budget minister said on Tuesday, as it struggles with low commodity prices and unrest that has interrupted bauxite mining. The estimate is lower than the 7 % increase target authorities had been hoping to exceed in 2018, Budget Minister Mohamed Lamine Doumbouya told repoters in the capital Conakry.
  • South Africa’s Eskom asks McKinsey, Trillian to return $117MN

    2017/10/17 South Africa’s Eskom has asked consultancy firms McKinsey and Trillian to pay it back 1.6 billion rand ($117 million), saying that an internal inquiry had found that the national power utility’s decisions to make the payments were unlawful. “The interim findings from Eskom investigations into the circumstances surrounding payments made to both the companies point to certain decisions by Eskom, and resultant payments, as being unlawful,” Eskom said on Thursday.
  • Egypt: PM Meets Tourism Investors

    2017/10/17 Prime Minister Sherif Ismail on Monday 2/10/2017 received a group of tourist investors to review problems facing the sector and proposals to solve them. The ministers of tourism and civil aviation took part in the conference. The participants discussed files related to the tourism investment field, inclunding the procedures for granting visas to Egypt, the removal of some bureaucratic procedures that hinder investment in the field.