TANZANIA | General Construction

[BUTEMBO21]

Originally Posted by u.g boy

oh kk i get what your saying . btw uanda and the drc willl go far in years to come . both countries are having problems but they will get out of it . tanzania kenya uganda rwanda drc etc are developing quite quickly so i would like to see how our eac common market comes out in later years.

Yes, all EAC, and DRC are all growing fast, and Oil in Uganda and DRC could make things even more fascinating. Uganda must export Oil and i think Dar will do things to attrak Uganda to also use Dar port of Oil export. DRC's eastern Oil (if done properly with no delays) don't know how the route for export.(most likely Dar, Mombabsa) , If the Tanganyika blocks yealds oils as well, that's for sure, SADC through Zambia will be the destination(that will be if Angola hasn't been there yet) , as well as Dar for export. But since the Eastern blocks have been given to South Africans, they could build a super pipeline to SADC instead.

Common market for EAC (nothing can be predicted) it will not be easy(in my opinion) to open borders just like that. I think what might be more possible is to scrap the crossborder tarrifs/custom duties, but borders will still be enforced.

[tanzan]

along Ohio Street near PPF Tower




I have no idea why it is called IT PLAZA!!!

[Yoniii]

Italian investors?

[tanzan]

@Yoniii,no...just local investors

[tanzan]

[tanzan]

[tanzan]

This is one of the proposal for TPA HQ. there could be other proposals.

[tanzan]

it looks like a picture of a boat!!?

[Pule]

I like it.

[Geza Ulole]

Originally Posted by tanzan

it looks like a picture of a boat!!?

ofcourse it is TPA (Tanzania Port Authority what else? specialization !!

[tanzan]

Kempinsky Brand

[Kenguy]

Originally Posted by Pule

I like it.

+1

[èđđeůx]

Originally Posted by tanzan

This is a beautiful picture!

[screenshotartist]

Tanzania is on FIRE!!!!

[Pule]

Guys please showcase urban renewal projects taking place in Dar es Salaam in this thread, http://www.skyscrapercity.com/showthread.php?t=1201959

[tanzan]

There are talks that Holiday Inn will manage it.

[Pule]

Basil Read order book R8,1bn, eyes big roads, PPP project pipeline


By: Irma Venter
31st August 2010

Despite what it described as “trying economic times”, JSE-listed construction company Basil Read said on Tuesday that it had produced “a satisfactory set of results” for the six months to June 2010.

Revenue was up 26%, to R2,6-billion, compared with the first half of the previous financial year.

Operating profit increased by 9% to R202,2-million, which translated into an operating margin of 7,7%, down from the 9% achieved in the comparable period.

Earnings a share decreased by 26% to 103,90c a share, with headline earnings a share down 32% at 104,34c a share.

The company said that although earnings increased for the period under review, earnings a share and headline earnings a share decreased owing to the 43% increase in the weighted average number of shares in issue.

Divisional results were a mixed bag, with a contraction in the mining division being offset partially by strong growth in the construction division, bolstered by the acquisition of the Gerolemou/Mvela group in the 2009 financial year.

“The poor performance of newly acquired TWP can be attributed to the slow recovery in the commodities market with mining houses remaining cautious regarding the commissioning of new projects,” reported the company.

It expected TWP’s performance to improve, albeit more slowly than was anticipated originally.

Operating cash flow was at R308,4-million, but owing to a significant increase in working capital and the utilisation of cash to reduce debt levels, cash on hand declined from the December level of R1,2-billion, to a balance of R823,4-million at the reporting date.

The company said that the increase in working capital was owing largely to an increase in trade and other receivables, a direct result of the prevailing economic environment as debtors extended their terms.

Basil Read said it was continuing to monitor its debt levels closely. Total debt increased to R1-billion.

The 2009 financial year was characterised by acquisitive growth, and the six months to June 2010, were spent integrating the newly acquired companies, noted the company on Tuesday.

“Basil Read’s strategy continues to be growth, not only organic, but also through acquisition.”

During the first half of 2010, the group acquired the Sladden International roads and civil engineering company, based in Botswana.

Basil Read noted that the acquisition provided it “with the ideal opportunity to expand its African footprint”.

On June 1, 2010, the group increased its stake in Newport Construction from 70% to 100% through the buyout of the remaining minorities.

Basil Read secured R2,6-billion in new contracts for the six months under review, with the order book at R8,1-billion, up from the June 2009 level of R6,2-billion.

R3,5-billion of the order book will be constructed in 2011.

The company said that its largest division, Construction, secured two contracts for the Free State provincial road network. The first contract, valued at R305,2-million, involved the rehabilitation and repair of 72,8 km of road between Kroonstad and Vredefort.

The second contract, awarded to subsidiary Roadcrete Africa, involved the repair and rehabilitation of the Bultfontein to Wesselsbron road, comprising 18,2 km. This contract was valued at R165,5-million.

The division also secured a further crossborder roads contract in Sierra Leone for a private client. This initial 14-month contract was valued at $30-million.

“Further roads opportunities are apparent throughout the African continent and the group is actively pursuing a number of these. Tenders have been submitted for contracts in excess of R2-billion in Tanzania and Zambia, and the group is well placed to secure work in these areas,” reported the company.

Basil Read said the ongoing R1,5-billion Natalspruit Hospital project, involving a 760-bed facility for the Department of Public Works, was also progressing well, and was scheduled for completion in November 2011.

Public–private partnerships (PPPs) remained a focus for the company.

“Various PPP projects are in the pipeline, including government office blocks, mixed classification correctional centres and toll roads. Basil Read has prequalified for a number of these and submitted bids, in joint venture, where applicable.

“Government recently announced their intention to broaden the use of PPPs in the health sector. The flagship PPP hospital project is the Chris Hani Baragwanath, and the new George Mkhari and Polokwane academic health complexes are to be fast-tracked. Basil Read has particular expertise in this area and aims to submit bids in due course. The combined construction value for the group's targeted PPPs is over R17-billion.”

The company said that it remained committed to its stated target of becoming a global construction group with a R10-billion turnover by 2013.

[Geza Ulole]

Originally Posted by tanzan

There are talks that Holiday Inn will manage it.

but the hotel looks different in the picture compared to this hotel webpage
http://www.mountmeruhotel.com/gallery

[tanzan]

Thanks Geza Ulole for sharing...I took that from a newspaper. I don't know their sources. It should be ready by November

[tanzan]

Tanzania is renowned for being the gateway to the Serengeti and annually, thousands flock through its borders in order to (hopefully) glimpse the migrating herds of wildebeest across its famed plains and see one of the few truly natural hunting grounds where predator and prey are free to roam, graze and hunt uninhibited.

What visitors to Tanzania are simply astounded by (something National Geographic does not always highlight) are the other fantastic locations and the warmth and inviting nature of the Tanzanian people.

Situated at the foothills of Mount Meru in the city of Arusha, Tanzania, the Mount Meru Hotel lies on 15 acres of lush landscape. As the topographic centrepiece of the Arusha National Park, the Hotel is also surrounded by some of Africa's most breathtaking vistas, rich with a diverse array of wildlife, etched against the fertile slopes of this beautiful mountain, the fifth highest peak in Africa.

The Hotel is nestled against one of the most majestic backdrops ever imagined, the picturesque Mount Meru, sister peak to Africa's highest summit, Mount Kilimanjaro. Keeper of myths and legends for centuries, this magnificent mountain is a photographer's Mecca.

Amidst all the majesty of natural landscape, the Hotel humbly echoes the brilliance of the jewel famed by the country of its origin, the Tanzanite. It succeeds in beautifully mirroring the surrounding magnificence as the pinnacle of splendour and grandeur Tanzania has to offer. You will have a difficult time finding a more idyllic destination to inspire the imagination and rejuvenate the senses.

Despite Arusha's proximity to the Equator, the climate is surprisingly pleasant with an average temperature of 25 degrees Celsius. Situated 1400m above sea level on the Southern slopes of Mount Meru , even the humidity is kept at bay, not only making the Mount Meru Hotel a tranquil getaway in the middle of some of nature's most spectacular scenery, but a place where you can really put your feet up and find your grounding again.

Hotel Facilities

Apart from offering guests 15 hectares of beautiful landscaping, the Hotel offers guests modern and comfortable accommodation with friendly service, Sky facilities, 24 hour security, transfers, a business centre, a Forex counter, a Tanzanite jewellery store, a pool with children's area as well as babysitting facilities to name but a few.

Accomodation

The Hotel offers the discerning traveller an array of luxury choices when it comes to accommodation.

They offer 108 Standard Queen, 30 Standard Twin, 22 Executive Twin, 6 Standard Junior, 6 Deluxe Executive, 4 Presidential/VIP suites, and two rooms suited especially to accommodate disabled patrons.

In room facilities include queen or twin beds, direct dial telephones, air-conditioning, mini bar, electronic safes, selected satellite television, pay-per-view movies, international plug points, Wi-Fi, hair dryer, tea and coffee making facilities as well as a variety of magazines for your perusal.
Restaurant/Dining

most discerning guest's taste buds:
Main Restaurant 200 seater: Breakfast, lunch and dinner (buffet)
Speciality Restaurant 50 seater: Lunch and dinner (international cuisine)
Coffee Shoppe 60 seater: 10:00 – 22:00 (light meals)

Bars

Relax before or after a delectable meal at the Cigar and Cognac Lounge and take in Africa's marvels as you gaze across the stunning gardens and golf course, enjoy cocktails at the Pool Bar Terrace or toast in the scenery at the Champagne Bar.

Conferencing

Meet with great minds in the Hotel's many conferencing facilities:

Main Hall: 400 Cinema | 200 School Room |180 Banquet
Board room: 24 Seater
Breakaway 1: 50 Cinema | 24 U-shape | 24 School Room
Breakaway 2: 40 Cinema | 20 U-shape | 20 School Room

Spa & Health

If the tranquil surroundings and the beauty of nature isn't enough to have you looking at life a little differently, get pampered in the three treatment rooms offering a variety of health and beauty delights as well as a nail boutique. Relaxation is guaranteed.

Golf Course

The adjacent carefully designed and manicured golf course is sure to attract bird lovers from all over. An array of birdies, Eagles and even an Albatross or two have been rumoured to be in residence.