The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: A rapidly expanding economy and increasing consumption is benefiting freight transport in
Tanzania, accounting for our healthy forecasts across freight modes in 2016 and throughout the medium
term. Ongoing and future infrastructure improvement projects in air, rail, road and the country's largest
port Dar es Salaam will accommodate the anticipated growth, with foreign investment playing an important
role in funding several projects. Enhanced trade relations and Tanzania's gateway role to landlocked East
African countries also support our positive outlook.
Latest Forecasts And Updates
? The Mwalimu Julius Nyerere International Airport expansion project by Swissoport is expected to be
ready by the end of May 2016, with the terminal's handling capacity increasing to 80,000 tonnes.
? The building of a 242km highway connecting Tanga City to Bagamoyo will start in 2017, as announced
by the Minister for Works, Transport and Communication in April 2016, while the Kigamboni Bridge is
now operational and links the central business district of Dar es Salaam to the Kigamboni ward.
? Tanzania is cooperating with Burundi and Rwanda to construct a shared railway through the Central
Corridor, and the target is to commence the project in 2017.
? Dar es Salaam Port will undergo major infrastructure improvement following the recent acquisition of a
USD600mn loan from the World Bank.
? Tanzania has been working on improving international trade relations through meetings and agreement
negotiations held over the past months with trade partners such as Russia and Rwanda.
? For 2016, we forecast road freight to increase by 3.8% to 228.6mn tonnes, air freight to increase by 4.6%,
rail freight to increase by 4.3% to 432,510 tonnes, Port of Dar es Salaam tonnage throughput growth at
8.2% and total trade real growth at 8.1%.