Tanzania and Zambia seek law review for investors to reboot TAZARA railway

By professo

The Tanzania and Zambia governments are aiming to launch a law review for the Tanzania-Zambia Railway Authority (TAZARA).

The governments are planning to review the laws around the railway line that runs between the two countries in order to allow private investors to purchase shares in the railway authority.

The railway was built between 1970 and 1975 through financing provided by China and became operational in 1976, but in recent years has the railway has been subject to a crash crunch.

The Deputy Minister for Works, Transport and Communication in Tanzania, Atashasta Nditiye, announced the plan at the 42nd Dar es Salaam International Trade Fair.

SEE ALSO:

“We are eager to improve operations so as to boost trade between Tanzania and Zambia, the Great Lakes region and Southern Africa, state the Deputy Minister.

“When you have a reliable railway, trade between countries becomes easier and more efficient, it reduces delays and congestion on the roads," Nditiye continued.

The plan aims to increase the efficiency of the transportation line, boosting trade volume through infrastructure development.

Share

Featured Articles

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East

Technology