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 :
Tel: +255 717 109362
or +255 676 756163