Market News Page No. 10| Africa Business News | Afrotrade

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In Order to Increase Business, China Claims That It is going to Remove All Taxes on African Exports

China stated it will negotiate and sign a new economic agreement with Africa that will eliminate any taxes on the 53 African countries with which it has diplomatic relations. This agreement could help middle-income countries. The new program will level the playing field by providing middle-income nations with comparable market access to the duty- and quota-free market access that the Asian economic powerhouse provides to least developed.... Read more »

Posted on : Thursday , 3rd July 2025

Tanzania’s Development Plan Contains 27 Energy Priorities, Reveals Prof. Mkumbo

The government plans to proceed with the implementation of 27 energy-related priority projects, which are at various stages of development, under the 2025–2026 National Development Plan. By connecting 26 regions to the national grid, expanding the system to 9,351 km, lowering electricity losses to 7.9 percent, and increasing electricity access to 85 percent of the population, these projects seek to enhance electricity production by 4,915.... Read more »

Posted on : Wednesday , 2nd July 2025

Tanzania's Green Future to Restore Forests and Biodiversity

To support Tanzania’s national target of restoring five million hectares of degraded forests and landscapes, the country is implementing the Sustainable Environmental Restoration and Biodiversity Conservation Project. This effort is part of "The Restoration Initiative (TRI), a global collaboration involving countries i.e. Tanzania, Cameroon, Kenya, the Central African Republic, Pakistan, China, etc. Tanzania committed to land restoration under.... Read more »

Posted on : Tuesday , 1st July 2025

$300 Billion Project Set to Revolutionize Tanzania’s Electricity Sector

By 2030, the Standard Chartered Bank aims to allocate $300 billion toward green and transition-related projects. The bank and Angola's Finance Ministry also inked a 129 billion euro financing deal to expand the nation's solar-powered electrical lighting infrastructure. In order to reduce dependency on conventional light power grids, the project will build photovoltaic systems to sustainably lighten more than a million people in rural.... Read more »

Posted on : Tuesday , 1st July 2025

The Lamadi Water Project in Simiyu Benefits 85,000 People for 12.8 Billion

Over 85,000 households will benefit from the 12.8 billion dollar Lamadi Water Project, which was launched by President Samia Suluhu Hassan in Busega District, Simiyu Region. President Samia, who spoke at the event, reiterated the government's dedication to enhancing family welfare and promoting growth by guaranteeing the availability of essential social services throughout the nation. "I urge you to put in a lot of effort so that we.... Read more »

Posted on : Tuesday , 1st July 2025

Tanzania Secures $523 Million Gold Mine Investment from Perseus Mining Limited

Perseus Mining officially began work on its Nyanzaga gold project in Tanzania in June. The announcement was made via the company's official Twitter account. The launch follows the final investment decision (FID) taken in April and represents a new chapter in the development of this $523 million project, which was acquired through OreCorp's 2024 purchase. According to Perseus, early-stage construction activities are now ongoing. These include the.... Read more »

Posted on : Tuesday , 1st July 2025

Kenya: Siaya Secures Multi-Billion Shilling Infrastructure Deal in Orengo-Ruto Partnership

Siaya County is set to see significant infrastructure development thanks to a new partnership between Governor James Orengo and President William Ruto. This collaboration was forged at a pivotal State House meeting that included delegates from all six of Siaya's constituencies. The focus is on boosting the county's economy through various projects. The national government is committing significant funds to boost Siaya's infrastructure. This.... Read more »

Posted on : Tuesday , 1st July 2025

The CLASP-GEAPP Initiative, worth $6.1 million, aims to install 10,000 solar appliances and generate green jobs in Ethiopia, Kenya, and Nigeria

The Global Energy Alliance for People and Planet (GEAPP) and the international NGO CLASP are launching a new $6.1 million project aimed at accelerating energy-driven growth in Ethiopia, Kenya, and Nigeria. Through the expanded Productive Use Financing Facility (PUFF), the initiative aims to enhance the access of low-income households and small businesses access to reasonably priced, revenue-generating appliances.Up to 10,000 energy-efficient.... Read more »

Posted on : Monday , 30th June 2025

Launching in Tanzania, SPIRO Advancing Sustainable Urban Transportation

With the official commencement of operations in Tanzania, Spiro, Africa's top EV mobility provider, is providing environmentally friendly electric two-wheelers to tackle urban transportation issues and lower carbon emissions. As it continues to scale mobility solutions in rapidly expanding regions, this launch is a component of the company's larger expansion strategy throughout Africa. Spiro intends to build or collaborate on.... Read more »

Posted on : Monday , 16th June 2025

Tanzania's Booming Healthcare Market Awaits Exporters!

Unlock Growth in the Heart of East Africa: Tanzania's Booming Healthcare Market Awaits Exporters! Are you seeking a dynamic and rapidly expanding market for your medical and healthcare products and equipment? Look no further than Tanzania, a nation poised for significant growth in its healthcare sector, presenting unparalleled opportunities for international exporters like you. With a burgeoning population of over 60 million and a.... Read more »

Posted on : Thursday , 12th June 2025

NHIF's New Lindi Office Set to Boost Healthcare Access as Completion Nears

The Lindi Region's National Health Insurance Fund (NHIF) has started building a new regional office, which is currently 94% finished, to make it simpler for people to receive healthcare services. NHIF Regional Manager Irine Katarahiya stated in a statement, that the office, which will cost Sh 401 million in total, is being built in Rasibura Ward, Lindi Municipality. Katarahiya claims that the office wants to increase the welfare of.... Read more »

Posted on : Wednesday , 4th June 2025

Medical Tourism in Tanzania on the Rise Due to Healthcare Investments

According to a cabinet minister, Tanzania is seeing a notable increase in medical tourism as a result of large government expenditures on healthcare services. Over the last four years, the number of international patients seeking treatment in Tanzania has more than doubled, according to Minister of Health Jenista Mhagama, who spoke to parliament in the capital, Dodoma. The number of foreign patients increased from 5,705 to 12,180.... Read more »

Posted on : Wednesday , 4th June 2025

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