Thu, 05-Mar 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Magufuli asks Turkey's Erdoğan for Financial Support for SGR

    The Kenyan
    By The Kenyan Wall Street
    - January 25, 2017
    - January 25, 2017
    African Wall Street
    Magufuli asks Turkey's Erdoğan for Financial Support for SGR

    Tanzanian president John Magufuli has asked visiting Turkey leader Recep Tayyip Erdoğan to support the country with a loan through Exim Bank of Turkey to help in finalizing the construction of a section of the Standard Gauge Railway project.

    Magufuli as well revealed that a Turkish company was among the short-listed contractors that had bid for implementation of the multi-million dollar project that covers over 1,200 kilometres from Dar es Salaam to Mwanza.

    Speaking when he hosted his Turkish leader at State House Mr Recep Tayyip Erdoğan, Dr Magufuli said that his government optimistic that when complete the SGR will help open up east Africa country for trade and its neighbours.

    President Magufuli added that they are committed towards improving the construction sector and that’s why they are sourcing more funds to carry on various projects in the transport industry which has been lagging behind for years.

    “For our economy to grow, we must develop friendship and co-operation with other countries…Turkey, for instance, is ranked the seventh leading producer of food crops in the world. We can use their technology to improve agriculture in our country,” President Magufuli noted.

    President Erdogan was optimistic that authorities in Tanzania would provide smooth facilitation for Turkish investors wishing to invest in Tanzania.

    Since assuming power in 2002  has helped Turkey deepened ties with Africa in a bid to boost its influence in a continent where China and traditional allies like Britain and the United States have deep roots.

    Sources; Tanzania daily News, Construction Review, The Star

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa