Tag: China investment

Upgrade supports Zambia’s copper exports and regional trade with Tanzania
BusinessTourism

Zambia secures China deal to rebuild crucial TAZARA railway

At a Glance Zambia has taken a significant step to revive one of Africa’s most important transport corridors, securing a $1.4 billion agreement with China to modernize the ageing TAZARA railway. The deal marks one of the country’s largest infrastructure commitments since emerging from a prolonged debt crisis. It also strengthens a route that remains critical for copper shipments, fuel…

Oluwatosin Alao Oluwatosin Alao
Zambia and Tanzania deal with China to modernize the TAZARA railway
BusinessTourism

Zambia-Tanzania rail gets $1.4 billion boost for expansion

At a Glance The Tanzania-Zambia Railway Authority (TAZARA) has been a symbol of regional solidarity for almost 50 years. Zambia, Tanzania and China have signed a $1.4 billion agreement to overhaul and expand the 1,860-kilometer railway line, marking one of the largest infrastructure investments in sub-Saharan Africa in recent years.  The deal, announced by Zambia’s Ministry of Transport and Logistics,…

Oluwatosin Alao Oluwatosin Alao