Browsing: Tanzania Standard Gauge Railway

  • Tanzania has one of the largest international airports in East Africa
  • Tanzania Standard Gauge Railway is slated to commence operation by the end of April 
  • Tanzania is a gateway serving competitive landlocked neighbouring countries.

Tanzania’s economy is moving at a steady pace. According to the Bank of Tanzania, the inflation rate is at 3.6 per cent, and the nation’s GDP stands at 5.2 per cent (3rd Quarter 2021).

The United Nations argues that the African Continental Free Trade Area (AfCFTA) is expected to increase intra-African trade in transport services by nearly 50 per cent.

In 2015, the African Development Bank (AfDB) approved $346.38 million to improve 500 km of roads across the country over the next five years.

On the other hand, in 2014 World Bank, another development funder to Tanzania, furnished the nation with $300 million to improve rail and transport infrastructure, which ultimately boosted intra-region trade with …