Nation Earns U.S.$305 Million From Extractive Industries
DAR ES SALAAM, Tanzania’s compliance with the Extractive Industries Transparency Initiative (EITI), which promotes greater transparency and accountability in managing oil, gas and mining sectors, is a milestone for the country’s economic growth prospects.
The World Bank said extractive industries contributed $305m to government revenues in the year ending June 30, 2010, up from $99m the previous year.
Read more: Nation Earns U.S.$305 Million From Extractive Industries
Serengeti airport: Tanzanian govt wins the day
The protracted battle over construction of an international airport next to Tanzania’s Serengeti National Park, pitting the government against environmentalists, is nearly over  and the government seems to have carried the day.
Plans for the construction of the $350 million facility, expected to start early next year, are complete, and the Tanzania Civil Aviation Authority has approved the project.
Yanga, Chinese Firm Sign Stadium Construction Deal
MAINLAND soccer giants, Yanga, have signed an initial agreement with Chinese firm, Beijing Construction Engineering Group, for the construction of the former’s Kaunda Stadium.
The agreement was reached by Yanga Chairman, Yusuf Manji, and the firm’s General Manager, David Zhang, at the club’s headquarters
Read more: Yanga, Chinese Firm Sign Stadium Construction Deal
African Development Bank funds road infrastructure in Tanzania
The African Development Bank (AfDB) has decided to increase funding for the East African Road Network in Tanzania by $100 million (160 billion shillings) in the 2012-2013 fiscal year in an effort to boost the regional economy.
AfDB’s resident representative in Tanzania Tonia Kandiero announced the increase this month at a foundation stone ceremony for a 223-kilometre tarmac road linking Singida, Babati and Minjingu.
Read more: African Development Bank funds road infrastructure in Tanzania
