Tanzania: Construction Booms As Public, Private Sector Investments Soar

TANZANIA has in recent years seen unprecedented growth in construction sector, with mushrooming new houses, multi-storey buildings, roads and bridges, the trend that has contributed to surging demand for the building materials.

Increased government funding on infrastructure development in almost every financial year has acted as an incentive for continued inflows of investments in the construction industry. The government has in the 2013/14 financial year increased spending on infrastructure to 2.16trn/- compared to 1.94trn/- in the previous fiscal year.

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