Latest news with #JuliusNyerereHydropowerProject
Korea Herald
9 hours ago
- Business
- Korea Herald
Zoomlion Showcases Advanced Equipment and Localized Solutions at the 4th China-Africa Economic and Trade Expo to Drive Development in Africa
CHANGSHA, China, June 18, 2025 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; showcased the latest agricultural and engineering machinery solutions tailored for the African market at the 4 th China-Africa Economic and Trade Expo, held from June 12 to 15 in Changsha, China. Since entering the African market in 2007, Zoomlion has actively participated in the construction of several landmark projects, while fostering local talent and playing a key role in advancing infrastructure and agriculture modernization. Zoomlion highlighted a wide array of products including construction cranes, agricultural equipment, aerial work platforms and earthmoving machinery, which are specially designed to meet the unique performance, quality and technological demands of Africa's construction and agricultural environments. Over the past 18 years, Zoomlion has established itself as one of the leading machinery exporters in Africa with over 10,000 units of equipment deployed across the continent. Zoomlion has set up subsidiaries and extensive service networks in South Africa, Nigeria, Tanzania, Kenya and more. It has established a joint-venture factory in Algeria and operates spare parts centers in Algeria and South Africa while expanding its network of local dealers and distribution channels to provide comprehensive services to local customers encompassing sales, support, technical assistance and financing. Zoomlion has been safeguarding major infrastructure and agricultural projects in Africa, including the construction of Egypt's New Administrative Capital which features 20 high-rises including Africa's tallest skyscraper of 385.8 meters, 12 commercial office buildings, five residential apartments and two luxury hotels; the Julius Nyerere Hydropower Project (JNHPP) in Tanzania that increases the installed hydropower capacity in the country from 562 megawatts by about 3.7 times; the N'Djamena Stadium in Chad that can host continental competitions and large-scale cultural events upon completion; the Rosso Bridge situated over the Senegal River at the border between Senegal and Mauritania that will serve as a key trading hub in Africa and foster closer economic ties. Zoomlion is growing rapidly in the African market, with sales in the first quarter of 2025 reaching an impressive 60 percent of the total sales for the entire year of 2024. As of May 2025, Zoomlion's Africa team included more than 300 employees, with over 90% being local hires, serving as a key driver of regional employment and skills development.
Cision Canada
10 hours ago
- Business
- Cision Canada
Zoomlion Showcases Advanced Equipment and Localized Solutions at the 4th China-Africa Economic and Trade Expo to Drive Development in Africa
CHANGSHA, China, June 18, 2025 /CNW/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; showcased the latest agricultural and engineering machinery solutions tailored for the African market at the 4 th China-Africa Economic and Trade Expo, held from June 12 to 15 in Changsha, China. Since entering the African market in 2007, Zoomlion has actively participated in the construction of several landmark projects, while fostering local talent and playing a key role in advancing infrastructure and agriculture modernization. Zoomlion highlighted a wide array of products including construction cranes, agricultural equipment, aerial work platforms and earthmoving machinery, which are specially designed to meet the unique performance, quality and technological demands of Africa's construction and agricultural environments. Over the past 18 years, Zoomlion has established itself as one of the leading machinery exporters in Africa with over 10,000 units of equipment deployed across the continent. Zoomlion has set up subsidiaries and extensive service networks in South Africa, Nigeria, Tanzania, Kenya and more. It has established a joint-venture factory in Algeria and operates spare parts centers in Algeria and South Africa while expanding its network of local dealers and distribution channels to provide comprehensive services to local customers encompassing sales, support, technical assistance and financing. Zoomlion has been safeguarding major infrastructure and agricultural projects in Africa, including the construction of Egypt's New Administrative Capital which features 20 high-rises including Africa's tallest skyscraper of 385.8 meters, 12 commercial office buildings, five residential apartments and two luxury hotels; the Julius Nyerere Hydropower Project (JNHPP) in Tanzania that increases the installed hydropower capacity in the country from 562 megawatts by about 3.7 times; the N'Djamena Stadium in Chad that can host continental competitions and large-scale cultural events upon completion; the Rosso Bridge situated over the Senegal River at the border between Senegal and Mauritania that will serve as a key trading hub in Africa and foster closer economic ties. Zoomlion is growing rapidly in the African market, with sales in the first quarter of 2025 reaching an impressive 60 percent of the total sales for the entire year of 2024. As of May 2025, Zoomlion's Africa team included more than 300 employees, with over 90% being local hires, serving as a key driver of regional employment and skills development.
Arabian Post
2 days ago
- Business
- Arabian Post
Tanzania Accelerates Flagship Infrastructure and Economic Diplomacy Push
Dodoma's state leadership confirmed significant advancements in the Third National Five-Year Development Plan, registering strides in infrastructure, agriculture, energy, justice reform and foreign investment initiatives. In a parliamentary session, Planning and Investment Minister Professor Kitila Mkumbo detailed over 193 development schemes—among them 17 flagship mega-projects—now underway. Irrigation farming has expanded, with irrigated areas growing from approximately 695,000 ha in 2019/20 to 727,280 ha by 2022/23, driven by intensified use of quality seedlings and fertilisers. Concurrently, the National Irrigation Commission reported plans for over 800 new irrigation schemes in the 2023/24 financial year, reinforcing targets to reach 1.2 million hectares under cultivation by 2025. Transport infrastructure remains a cornerstone of the FYDP III agenda with considerable progress on the Standard Gauge Railway. The Dar es Salaam–Makutupora segment stands nearly complete at 99%, the Morogoro–Makutupora stretch at 96.6%, while Tabora–Makutupora, Isaka–Mwanza, and Tabora–Isaka present completion rates of 14%, 56% and 5%, respectively. Construction is also visible at the Mwanza–Isaka link and the Kigongo–Busisi bridge near Mwanza, which is now 88% built. ADVERTISEMENT Energy sector expansion includes the Julius Nyerere Hydropower Project, now at 97% completion, and operational starts at Kinyerezi I and Rusumo, boosting national generation capacity from 1,872 MW to 2,138 MW by March 2024. Water, sanitation and rural access have also improved markedly. The Rural Water Supply and Sanitation Agency reported household water connections rising from 64.8% in 2019 to 74.5% by June 2024, benefitting over 9,000 villages and connecting over 2.8 million rural dwellers. In the judicial sphere, FYDP III envisages expanded legal infrastructure, aiming to increase functional High Court regions from 69 in 2019 to nationwide coverage, enhance legal aid representation, and integrate ICT systems in courts. Targeted construction includes 139 district courts, 791 primary courts, ten regional Attorney-General offices, and seven national prosecution offices by 2025/26. Tanzania has reinforced its anti-corruption drive through the Prevention and Combating of Corruption Bureau, which traced and recovered over TZS 215 bn by mid-2020 and has seen prosecution rates of 82% in corruption filings—up from 10% during FYDP II. On the diplomacy and foreign investment front, the Plan sets ambitious targets: expanding bilateral, regional and international engagements from 50 meetings in 2019/20 to 250 by 2025; increasing Tanzanian participation in peacekeeping missions from 2,303 to 3,500 personnel; launching ten new embassies and six consulates; and signing 80 memoranda of understanding—up from 15. It further seeks to raise foreign investment from 86 projects to 430, and boost tourist arrivals from 1.6 million to 8 million by 2025. Prime Minister Kassim Majaliwa underscored the importance of economic diplomacy in leveraging FYDP III initiatives, working alongside Foreign Affairs Minister Liberata Mulamula to mobilise ambassadors toward investment promotion and tourism outreach. Private-sector partnerships are integral to funding the development agenda. The government projects an FYDP III budget of TZS 114.8 trn, to be sourced through public funds and private contributions, supported by institutional reforms such as PPP Act amendments and recapitalisation of investment banks. Complementing these financing reforms, investment registration surged 15.2% in 2023, with the total value of registered projects jumping to US $8.66 bn, signalling heightened investor confidence aligned with Plan priorities. Dar es Salaam's urban transit ecosystem is also evolving. BRT Phase II has concluded construction and is scheduled to begin operations in February 2025, expanding the system's reach beyond the initial 21 km of dedicated bus lanes. Across sectors, the government projects FYDP III initiatives will generate eight million new jobs by mid-2026, emphasising the centrality of private enterprise—especially MSMEs—in achieving sustainable growth. Investment in infrastructure, agriculture, energy and legal systems demonstrates both scale and direction in Tanzania's trajectory under FYDP III. The strategic aggregation of diplomacy and private finance aims to translate capital-intensive flagship projects into improved human development outcomes and economic diversification.
Egypt Today
12-02-2025
- Business
- Egypt Today
Economic cooperation, development focus of Egyptian FM talks with African counterparts in Addis Ababa
CAIRO – 12 February 2025: Minister of Foreign Affairs and Immigration Badr Abdelatty held Wednesday a series of meetings with counterparts in Addis Ababa on the sidelines of an African Union convention stressing the importance of coordination at regional and international organizations, and exchanging support to each other's candidates. Minister Abdelatty began by meeting Comorian counterpart Mbae Mohamed to discuss building upon the existing cooperation in the sectors of education, healthcare, infrastructure and energy, in addition to bolstering Egyptian investments in Comoros, and increasing delivery of training to Comorian professionals, and scholarships. Similarly, the talks with Seychellois Foreign Minister Sylvester Radegonde tackled potential cooperation in the sectors infrastructure, agriculture, healthcare, and human capacity-building. The Egyptian minister expressed desire to boost trade exchange, and encourage Egyptian firms to invest in Seychelles, particularly in the sectors of pharmaceuticals, fertilizers, and engineering industries. The discussions with Malagasy Foreign Minister Rasata Rafaravavitafika also covered reinforcing trade exchange, and collaboration on agriculture, infrastructure, healthcare, education, and human capacity-building. That is in addition to injecting more Egyptian investments in Madagascar. As for Tanzania, Minister Abdelatty stressed to Minister Mahmoud Thabit Kombo the importance of continuing cooperation on infrastructure projects, and completing the Julius Nyerere Hydropower Project (JNHPP) executed by Egyptian firms. He equally pointed out the rise in Egyptian companies operating in Tanzania across different sectors. The minister also suggested opening branches of Egyptian national banks in the country in order to better facilitate transactions. That is in addition to leveraging the AfCFTA, and establishing logistic zones and air and maritime lines. On his side, Minister Kimbo expressed interest in working with Egypt on vocational training. Minister Abdelatty met Ivorian counterpart Leon Adom to express eagerness for maintaining cooperation in the sectors of trade, investment, infrastructure, healthcare, and human capacity-building. In the same context, the minister met Equatoguinean Secretary of State for International Organizations Mari-Cruz Evuna Andeme to express keenness on reinforcing the presence of Egyptian investments in Equatorial Guinea, adding that the country could also benefit from Egypt's experience in executing mega developmental projects. Moreover, the two sides exchanged views on pushing forward trade exchange, and cooperation in the sectors of infrastructure, energy, healthcare, and education. The Egyptian minister concluded by meeting with Rwandan counterpart Olivier Nduhungirehe to express desire to bolster economic cooperation, investments, and partnerships in the sectors of infrastructure, logistics, energy, healthcare, agriculture, and human capacity-building. In that context, he shed light on the role the MY Rwanda-Egypt Heart Center would play to consolidate the healthcare sector in Rwanda after entering service. The two sides exchanged views on the armed conflict that erupted eastern DR Congo. On that front, Minister Minister Abdelatty underscored the importance of de-escalation and attaining a comprehensive political settlement that defuses tensions, through active participation in the processes of Nairobi and Luanda. He also asserted the necessity of taking steps to alleviate the humanitarian suffering of the region's residents.
Daily News Egypt
11-02-2025
- Business
- Daily News Egypt
Housing Minister visits Egypt-built Julius Nyerere Hydropower project in Tanzania
Egyptian Housing Minister Sherif El-Sherbini visited the Julius Nyerere Hydropower Project in Tanzania, meeting with Tanzanian and Egyptian officials and workers. The project, implemented by the Egyptian consortium of Arab Contractors and Elsewedy Electric, aims to generate 2,115 megawatts of electricity for Tanzania's national grid. Minister El-Sherbini expressed satisfaction with the project's progress, stating that Egyptian President Abdel Fattah Al-Sisi has prioritised its timely completion for its upcoming inauguration. 'Through your determination and resolve,' El-Sherbini told the project team, 'this achievement, which fulfils the aspirations of our Tanzanian brothers and sisters for stable energy and supports various sectors, especially agriculture and energy, is being realised.' The dam will also offer flood control, protect the surrounding environment, and create a reservoir storing about 34 billion cubic metres of water. This will ensure a consistent water supply for agriculture, fishing, and wildlife preservation within a major African nature reserve. Mahmoud Nassar, Head of the Central Agency for Reconstruction, praised the progress made by the consortium, confirming that regular reports are submitted to relevant governmental bodies. During the meeting, a project engineer presented an overview of the project's status. The minister's delegation included Nassar; Elham El-Sergany, Assistant Supervisor of the Minister's Office; Ahmed El-Assar, Chairperson of the Arab Contractors Company; and Wael Hamdy, Deputy CEO of Elsewedy Electric. The project underscores the cooperation between Egypt and Tanzania in major development initiatives.
