Tanzanian based company Mikono
Speakers under her sister company Mikono Expo Group, which operates in
Tanzania, South Africa and other African nations, is hosting the Dar
Construction Trade Expo 2017.
This esteemed event will take place along
with the East Africa Smart Building Conference. More than 200 exhibitors
from Africa and all over the world will participate and the conference
is expected to attract more than 1000 Industry stake holders in
Dar-es-Salaam, Tanzania at the Julius Nyerere International Convention
Centre (JNICC), from 17th-18th August 2017.
The Guest
of Honour will be Prof. Makame Mbarawa- Minster of Transportation and
Infrastructures in Tanzania who will be accompanied by other dignitaries
who represent the building and construction industry in the country.
The conference will attract both Governmental and non-governmental
stakeholders.
According to the C.E.O of Mikono Expo
Group, Deogratius Kilawe “Tanzania is one of the fastest growing
countries in the world; According to the World Bank, they predict
Tanzania will be the 3rd or 4th Largest Economy in Africa if some
amendments are done in different sectors like Tanzania Port Authority
and some few areas and currently the construction industry is growing up
very fast and contribute more than 13% of the GDP”
He added that, “The Tanzania construction industry is USD 6billion
ahead of its Neighbor, Kenya which is USD 2.8billion according to their
national bureau statistic and Approximately 92% of all building
materials and equipments are from abroad. This is great chance for
foreign companies to explore the Tanzania Market and get good returns of
their investments as it’s a hot cake for now than anywhere else in east
and central Africa.”
The construction industry in
Tanzania includes real estate, transport infrastructure, and other civil
works including water supply. Construction contributed 13.6% to
Tanzania’s GDP during 2015, reaching almost USD6b. In 2010 the sector
accounted for only 7.8% of the country’s GDP or USD1.6b. The growth rate
of the Tanzanian construction sector was 4.3% in Q1 2016, compared to
23.2% in Q1 2015. According to the Tanzania National Bureau of
Statistics (NBS), the slowing of the growth rate was due to reduced
investments in construction activities. However, for the fiscal year
2016–2017 the government of Tanzania has budgeted TZS5.47t equivalent to
25.4% of the total budget, excluding public debt service, for
infrastructure development projects.
Miss Alinda Henry, the Sales Manager for Mikono Speakers
International commented that “In Recent years Tanzanian transportation
sector rose by 55% in value from USD1.3b to USD2.1b, contributing 4.4%
to the country’s GDP. Main growth drivers include the increase in the
number of passengers carried and freight handled through road transport.
“
The real estate industry in
Tanzanian has the potential of generating USD 2 billion each year. This
is more than 6% of the country’s GDP. As you may be aware, this industry
has the greatest multiplier effect on other economic sectors. It
impacts on almost all industries. Besides, it employs professional and
non-professional skills, that is, be it the educated or the non-educated
labour force.
Real Estate in Tanzania has a housing deficit of 3 million units and is growing at the rate of about 200,000 units per annum.
The National Housing Corporation
(NHC) is one of the main key players for real estate industry in the
country and has about USD 400 million worth of ongoing projects in real
estate. In my opinion, this will reach USD 800 million during the coming
five years.
One of their key projects is Kawe
satellite town project; they also have two similar projects in Arusha in
north-western Tanzania. Arusha is a gateway to Tanzania’s famous
national parks that attract tourists from all over the world. At
completion, these projects that are located in Burka and Usa River
areas, will provide some 2 million square meters of properties that
include, inter alia, trade centres, shopping malls and residential
properties.
World Bank’s estimate that Africa needs to spend about $93-billion annually until 2020 to bridge its infrastructure gap
The Country has taken steps to address the infrastructure deficit and various projects are on course to ensure that transport and energy infrastructure is enhanced. The World Bank
reports that financing has been approved for various projects. These
include; Tanzania Strategic Cities Project-USD 175.50 million, Tanzania
Intermodal and Rail Development Project-USD 300 million, Dar es Salaam
Metropolitan Development Project-USD 330 million and the Backbone Transmission Investment Project-USD 468 million.
The World Bank (WB) recently
approved USD225m loan to improve access to water supply and sanitation
services in Dar es Salaam. The funding will also support the
strengthening of capacities for integrated water resources planning and
management in Tanzania. The loan will benefit up to 1.9m Tanzanian
citizens, including 700,000 residents of the country’s largest city, Dar
es Salaam.
The African Development Bank (AfDB)
has recently approved a USD 211 million loan for improvements on water
and sanitation services to decrease health care costs associated with
water-related illnesses in Arusha, northern region of Tanzania. The
program’s investment totals USD 235 millions, of which the Tanzanian
Government is funding USD 24 millions. The program aims at Arusha since
it is one of the largest and fastest growing cities in Tanzania in terms
of population. At an average yearly rate of 7.4% in the last three
years, Arusha’s population has grown from 416,442 in 2012 to 516,000 at
the end of 2014 according to Arusha Urban Water Supply and Sewerage
Authority (AUWSA) statistics.
The Government of Tanzania recently
announced that it will implement a USD281million water project in
Mtwara, Southeastern Tanzania in collaboration with the Chinese
Government. The project, which will be financed through a soft loan from
China, is set to start in the 2016–2017 fiscal year. Upon completion,
the project will supply Mtwara with 120m liters of water per day from
the Ruvuma river. Currently (2017), the region receives 60m liters per
day.
On 19th June 2015, the Export-Import Bank of India (Exim) and the
Ministry of Finance of Tanzania signed an agreement to extend additional
line of credit (LOC) of USD 268 million to the Government of Tanzania,
for financing the extension of Lake Victoria water pipeline to Tabora,
Igunga, and Nzega. Mr. Yaduvendra Mathur, Chairman and Managing Director
of Exim India and Ms. Dorothy Stanley Mwanyika, Deputy Permanent
Secretary of the Ministry of Finance of Tanzania, signed this agreement
that will bring drinking water to more than 400,000 people in the dry
north-west region of Tanzania.
So far Mikono Expo Group has partnered up with more than 50 media
partners from all over the world to make this program very powerful and
productive to mention few : Engineers news magazine of South Africa,
World construction today India, Global Magazine,Tobuild Magazine, The
Guardian News Paper, Build Avenue,InaFRICA24.COM,Construction Review
Kenya ,Prime Location Magazine and many others.
To attend this Event :
