Tanzania Property Market

Dar es Salaam (Dar) is the former capital as well as the most populous city in Tanzania. Its a major city and commercial port on the Indian Ocean coast, grew from a fishing village.

East African economies plan to raise spending on infrastructure

East African countries plan to increase spending dramatically on infrastructure projects in budgets to be released Thursday. ... Full story

Some investors say that the policies of President John Magufuli’s government have made it harder for them to operate in the gold-producing country since he was elected in 2015.

Tanzania central bank cuts reserve requirement to lift lending

Tanzania’s central bank will cut the proportion of deposits banks must maintain as reserves to 7% from 8% as of July 1, in order to boost lending, a report seen by Reuters shows. ... Full story

The conditions that they have given us are commercially unviable. We said no, let’s meet halfway, says director general of the state-run Tanzania Ports Authority (TPA)

Tanzania’s $10 billion port project has hit an impasse

A planned $10 billion port project in Tanzania backed by China has hit an impasse, with the two sides disagreeing on terms of the infrastructure investment, a senior Tanzanian port official said on Wednesday. ... Full story

Stronger mining, manufacturing and energy sectors helped Tanzania's economic growth by 7.9 percent in the second quarter of 2016.

Tanzania's economy shows solid growth in second quarter

Dar es Salaam - Stronger mining, manufacturing and energy sectors nudged Tanzania's economic growth forward at a brisker pace in the second quarter of 2016. ... Full story

Despite Africa’s recent setbacks, a treasure trove of opportunities still exists, says Nema Ramkhelawan-Bhana, Rand Merchant Bank (RMB) Africa analyst & co-author of RMB’s sixth edition of its annual Where to Invest in Africa.

Top 10 Most Attractive Investment Destinations In Africa — RMB

Africa’s feverish growth has decelerated in recent years and many countries have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions. ... Full story

[Modern Nairobi Skyline] Kenya really is at the cutting edge for African listed property markets. And more REITs are expected to list on the Nairobi Stock Exchange going forward.

Kenya dominates East African property market

Kenya is dominating East African property developments because of its stability and investment opportunities, Africa Property News.com has learned. ... Full story

Burundi’s real estate market has been stifled by unrest in the country for decades. Currently rebels in the country are trying to oust the country’s President Pierre Nkurunziza [PIcture: Reuters]

Fighting keeps Burundi Real Estate in the past

Burundi’s real estate market has been stifled by unrest in the country for decades. Currently rebels in the country are trying to oust the country’s President Pierre Nkurunziza. ... Full story

With a boom in construction, Addis Ababa is slated to emerge as one of the most modern cities in Africa.

Research pegs Ethiopia as most affordable location to buy luxury property

A recent study reviewed that Ethiopia is the most affordable location to buy luxury real estate in the emerging markets. ... Full story

Choppies, which acquired its secondary listing on the JSE in May, was due to expand in Zambia and Tanzania by the middle of this year but said this had been delayed by a few months.

Choppies pursues targets in spite of opening delays

Delays in opening new outlets in Zambia and Tanzania this year will not hold back Botswana’s largest grocer Choppies from achieving its 2016 growth target of operating 200 stores across sub-Saharan Africa. ... Full story

An artist’s impression of Kigamboni New City in Dar es Salaam, Tanzania.

Africa on a roll with a clutch of new Cities

Once an area that foreign investment shied away from, Africa has become an investment hotspot, changing dramatically with commercial and residential property developments mushrooming in the continent. ... Full story

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