- Tanzania Gives Go-Ahead to Massive Sh80.85 Billion Mbamba Bay Port Construction Project
- KeNHA Unveils Strategic Sh394 Billion Plan to Construct Major Highways in Kenya
- Ruto’s Multi-Million Plan to Host the 2027 Africa Cup of Nations (AFCON) Tournament in Kenya
- Tanzania's Modern Industrial Park Project on Course with 3.5 Trillion Investment
- African Development Bank Greenlights $696.41 Million for Phase 2 of Tanzania-Burundi-DRC SGR
- Biggest construction trade exhibition announced in Nairobi at KICC
- President Ruto's Vision of Affordable Housing Projects Taking Shape in Kenya
- Ethiopia Receives $720 Million in Funding for Road Construction Project
- $3.24 Billion to be Invested in Tanzania SGR Construction by Spain
- Ksh700 Billion to be Invested to Complete Pending Kenyan Road Projects
Tanzania: Crown Invests Sh321 Million in Dar es Salaam Plant
Crown Paints has invested $3.6 million (Sh321.59 million) in a new manufacturing plant in Dar es Salaam, it announced yesterday.
The money will be released in bits over the next 18 months. This will be its third after Arusha and Mwanza where it already has a presence.
“This is our second step into the Tanzanian paint industry, since we have already established a mini plant in Arusha and distribution depots in Arusha and Mwanza,” chief executive Rakesh Rao said in a statement.
The Nairobi Securities Exchange-listed firm also has presence in Uganda, Rwanda, South Sudan and Burundi.
“Our export markets sales volume increased by 50 per cent in 2013. With robust marketing and distribution this year, we hope to maintain growth in these countries,” Rao said.
Posted on : 30 Nov,-0001
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