ADVERTISE WITH JP DECAUX TANZANIA LIMITED CONTACT - info@jpdtanzania.com

ADVERTISE WITH JP DECAUX TANZANIA LIMITED
CONTACT - info@jpdtanzania.com

OPERA’S DEAL TO BUY GOLD PROJECTS FROM KIBO TO BE AGREED BY EARLY NEXT YEAR

Kibo Mining expects a financing package for its gold mine operations in Tanzania to be agreed by early next year.

Kibo Mining expects a financing package for its gold mine operations in Tanzania to be agreed by early next year.
The junior is working on a reverse takeover that will see the gold deposits at Imweru and Lubando reversed into AIM-listed shell company Opera Investments. 
Heads of Terms were agreed in September and Kibo said today it was likely the fundraising required to complete the deal will take place early in the New Year.
There remain a number of matters that the acquisition is conditional upon, Kibo added.
Louis Coetzee, Kibo‘s chief executive said significant progress had been made towards finalising the deal.

BOMBARDIER WINS A $200 MILLION ORDERS FOR TWO AIRCRAFT FROM TANZANIA

Bombardier Inc said it won orders for two CS300 jetliners and one Q400 turboprop aircraft from Tanzania.

Bombardier Inc said it won orders for two CS300 jetliners and one Q400 turboprop aircraft from Tanzania.
Based on the list prices of the aircraft, which will be leased to and operated by Air Tanzania, the deal is valued at about $200 million.
“The CS300 aircraft will allow Air Tanzania to expand both its domestic and regional markets, and it has the range to open new international destinations such as the Middle East and India,” Jean-Paul Boutibou, Bombardier Commercial Aircraft vice president of sales for Africa and the Middle East, said in a news release.
Bombardier said with the Tanzania order, it has 360 firm orders for the CS300 and CS100, the first airplane of which was delivered to launch customer Swiss International Airlines in June.

AFDB, CRDB BANK SIGNS A $120 MILLION LOAN AGREEMENT TO FINANCE INFRASTRUCTURE PROJECTS

The African Development Bank Group and Tanzania's CRDB Bank Plc signed a $120 million loan agreement on Wednesday to finance infrastructure projects...

The African Development Bank Group and Tanzania's CRDB Bank Plc signed a $120 million loan agreement on Wednesday to finance infrastructure projects and give credit to small and medium size businesses in Tanzania,
"The loan will support infrastructure development, particularly the power and transport sectors, which is a major constraint for Tanzania's economic diversification and growth," the statement said.
An estimated 40 percent of Tanzania's population of around 47 million has access to electricity, according to official figures. The government wants that to rise to 85 percent by 2025
Tanzanian President John Magufuli, is keen to expand the country's infrastructure and has launched a revenue drive to fund new roads, bridges and electricity infrastructure

TANZANIA TOOKU GARMENT COMPANY PLANS TO SET UP TEN PLANTS IN THE COUNTRY

The Tanzania Tooku Garment Company located at the Dar es Salaam Export and Processing Zones Authority (EPZA) have announced plans to set up ten plants...

The Tanzania Tooku Garment Company located at the Dar es Salaam Export and Processing Zones Authority (EPZA) have announced plans to set up ten plants in the country.
Speaking during the ongoing China-Africa media conference to highlight Chinese companies in Africa, senior company official said they need 200,000 hectares of land to set up plants.
During the conference, the Chinese companies have shown interest to put up projects in such sectors as electronics, textiles, cosmetics, chemicals, pharmaceuticals and finance.
The prospective investors have described Tanzania as a peaceful country where business can flourish.
“Improved efficiency at the Dar es Salaam port is also contributing to more investments,” said a Chinese official interviewed.
The Sino-Africa media conference involves 30 journalists from Tanzania, China and Kenya. Chinese journalist are led by the Deputy Director of China Broadcasting Corporation—Xinhua, Zhou Liang.