M a r k e t N e w s

Manufacturing Commodities Continue To Explore New Markets Opportunities Particularly In The East African Community

Posted on : Tuesday , 14th January 2020

Manufacturing subactivity grew by 8.3 per cent in 2018 slightly higher compared with 8.2 per cent in the previous contributed largely by the expansion of the regional markets.

 

The ongoing investment and improvement of infrastructures as well as the stability in power supply reduced production costs.

 

The Bank of Tanzania (BoT) annual report 2018/19 manufacturing commodities continue to explore new markets opportunities particularly in the East African Community (EAC) and the Southern Africa Development Community (SADC) regions.

 

Manufacturing commodities with notable increase include building materials like cement, metal products and paints, food and beverages and wheat.

 

Industry and construction activity which includes mining, quarrying, manufacturing, construction, electricity and gas supply and water supply and sewage grew by 9.3 per cent compared with 10.6 per cent in 2017.

 

The contribution of manufacturing activity to Gross Domestic Product (GDP) increased to 8.1 per cent in 2018 from 7.7 per cent in 2017.

 

Meanwhile, production of natural gas, which is also a source of power, increased to 6 0,349.4 million standard cubic feet in 2018/19 from 53,907.1 million standard cubic feet in 2017/18 due to high demand for electricity generation and other industrial uses.

 

Electricity generated in 2018 was 7,307.6 million kWh compared with 7,010.4 million kWh in 2017 owing to increase in thermal power generation, particularly from gas powered turbines.

Source : newzmart.com
Featured Companies
  • /
  • African Business Development Association
  • /
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • DOOREE INTERNATIONAL CO LTD
  • africabusiness.com
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • We specialize in custom made products to suit the product as well as the target clients.
  • Indian Hardware & Sanitary News is a single trade monthly magazine which creates, manages and delivers the information that trading partners need to meet and do business.
  • SINTER SUD has been manufacturing premium quality hard metal items, through modern technologies and innovative production processes.
  •  Minerals, Metals, Metallurgy & Materials International Exhibition and Conference is a leading biennial international event for industry professionals.
  • Our products are widely used in industries of metallurgy, nonferrous metals, machinery, construction materials, petrochemicals, pharmacy, fertilizer and chemistry.
  • Rawasy Al Khaleej Plastic Ind. is an integrated packaging company manufacturing rigid & flexible packaging products.
  • Packing Materials & Machines, Packing  Materials & Machines manufacturer.
  • Beutlich LP, Pharmaceuticals has been offering healthcare professionals unique solutions for pain management and preventative.
  • Business Magazine
  • Our products are widely used and serviced for passenger car,truck,tractor,agricultural & earthmoving machines,stationary & marine engine.
  • Syrian Medicare chain has become a Medicare distinct to meet and achieve the increasing demands and requirements, by highlighting the latest recent developments in medical science in various fields, the event is also considered an effective marketing
  • Kohan Journal is the leading magazine for the Textile Floorcovering, Synthetic Fibers and Nonwovens and is published every two months.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2020 Afrotrade