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
  • AfDB to Participate At 5th African Union - European Union Summit

    2017/11/30 The African Development Bank (AfDB) will participate at the 5th African Union Commission (AUC) and European Union (EU) Summit taking place in Abidjan, Côte d'Ivoire, from November 29-30, 2017. The Summit is organized by the President of the European Council, the President of the European Commission, the President of the African Union and the Chairperson of the African Union Commission. This year's theme is "Investing in youth for a sustainable next." The AU-EU Summit brings together key decision-makers to deliberate the next relations and deepen connections between the two continents. The Summit, which takes place each three years, allows the AU and the EU to manage aspects of their partnership, monitor evolution in the implementation of commitments, and provide guidance for further work. The 2017 edition includes several key events, inclunding the EU-Africa Business Forum (EABF) and a focus on the new work programme for 2018-2020.
  • Rwanda offers to take in Africans abused in Libya

    2017/11/30 Rwanda's offer follows the release of CNN footage of a live auction in Libya where black youths are presented to north African buyers. Rwanda is willing to provide refuge to as a lot of as 30,000 African migrants suffering abuse and slave-like conditions in Libya, the foreign minister told AFP Wednesday. "Rwanda is currently under discussions... to see how we can help in welcoming migrants held captive in Libya," said Louise Mushikiwabo. "It has just been decided so numbers and means are still under discussion but Rwanda estimates the number to be welcomed around 30,000," she said, adding that this figure "is not confirmed from presently on but an estimation".
  • EAC Council of Ministers meeting underway in Kampala

    2017/11/30 The 36th conference of the East African Community Council of Ministers is underway in Kampala. The conference that started yesterday will go on until December 2. It is being held under the theme: “Enhancing Socio - Economic Development for Deeper Integration of the Community”. The conference is considering several matters geared towards deepening and widening the regional integration schedule that include the statement on the implementation of previous decisions of the Council, statement of the office of the secretary general, statement on planning and infrastructure, and the statement on productive and social sectors.
  • 'Europe failed to give Africa the attention it deserves'

    2017/11/30 EU recently launched the European External Investment Plan, aimed at raising at least 44b Euros in private equity by 2020, the major ever investment scheme for Africa. The President of the European Parliament, Antonio Tajani, has delivered a fairly devastating critique of the union’s policies towards Africa, saying Brussels had failed to give the world’s poorest continent the attention it deserved. “Often we looked the other way, heedless of the emergencies – humanitarian or linked to climate, security or stability – which Africans have to transaction with each day,” said Tajani.
  • Sudan armed groups still deploy child soldiers: UN

    2017/11/30 The United Nations said Wednesday that some armed groups fighting in Sudan still deploy child soldiers, but acknowledged Khartoum's efforts to prevent child recruitment into its forces. Olof Skoog, chairman of the UN Security Council's working group on children and armed conflict, said armed groups inclunding rebel factions were not implementing international regulations on children in conflict.