Market News Page No. 134| Africa Business News

FOOD AND AGRICULTURE NOW AT THE FOREFRONT OF DEVELOPMENT PLANS IN TANZANIA

The largest and most important sector of the Tanzanian economy is undoubtedly agriculture, the country benefits from a diverse production base which includes livestock, staple food crops and a variety of cash crops. In the last 10 years the sector’s contribution to GDP has more than tripled, this is supported by rising cash crop production, an emerging agro-processing segment and strong domestic demand for processed food. However, at the.... Read more »

Posted on : Monday , 15th April 2019

ENERGY NEEDS IN TANZANIA MET BY INVESTORS INVITED FOR WIND SOLAR PLANTS

As part of plans to diversify its energy generation mix and meet growing demand. Tanzania is seeking investors to build wind and solar power plants. With a minimum capacity of 50MW each the wind power plants are expected to generate 200MW .With a minimum capacity of 20MW each.The solar plants will generate 150MW located in Dodoma, Singida, Shinyanga, Mwanza, Simiyu, Njombe and Iringa Regions.The projects are expected to run over the next.... Read more »

Posted on : Saturday , 13th April 2019

Kenya to sign deal for the US $3bn Nairobi-Mombasa expressway project

Kenya is set to sign the US $3bn deal with USA for the construction of Nairobi-Mombasa expressway this month. US Ambassador to Kenya Kyle McCarter announced the reports and said the deal will pave way for construction works to begin anytime after June. The contract includes development of three additional Special Economic Zones along the alignment next to strategic interchanges which will bring additional revenue to the national and county.... Read more »

Posted on : Friday , 12th April 2019

THE OIL AND GAS MARKET IN TANZANIA DEVELOPING UNTAPPED RESOURCES

Tanzania has become one of the most promising East African hydrocarbons markets on the back of large gas discoveries off the country’s eastern coast. In 2014 when operations were launched at two onshore gas fields, Tanzania began producing natural gas. At Songo Songo and Mnazi Bay. In 2018 Tanzania produced 870 mcm (30.7 bcf) of natural gas, According to Eni’s World Oil & Gas Review, all of which was consumed domestically..... Read more »

Posted on : Friday , 12th April 2019

LED AND OLED HELPING TANZANIA GET LIT

Constant progression on ‘Lighting Africa’ , an initiative of (IFC & World Bank), is further fuelling the growth of lighting products market in the region of East Africa. Driven by factors such as a growing subscriber base for smart phones and increasing consumers spending on television services is what the growth of the LED and OLED display market in Africa is depending on.The OLED and LED display markets in East Africa are.... Read more »

Posted on : Friday , 12th April 2019

22 Solar-hybrid mini-grids are to be Tanzanians Next big project in progress.

To contribute to the development of a commercial market for quality-verified solar lanterns and SHS is the overall goal of the Lighting Africa – Tanzania project .By end 2019 access to cleaner and safer off-grid lighting and energy for 6.5 million people in Tanzania is their target. Focusing on predominantly low income households and micro businesses which are among the population who are at the bottom of the pyramid. After conducting a.... Read more »

Posted on : Thursday , 11th April 2019

EMERGING DYNAMICS AND FUTURE OF TANZANIANS AUTOMOTIVE INDUSTRY

Foton Motor Company a Chinese automobile maker is establishing a truck assembling plant in Tanzania in order to extend its foray in the East African region.The firm’s strategy to set up the facility is in line with the country’s fifth phase of the governments target’s on industrialization. The President John Magufuli has pushed the dream in the country as he looks to make a significant impact before his time as a President.... Read more »

Posted on : Wednesday , 10th April 2019

TANZANIA STEPPING UP IN THE NATURAL WEALTH RESOURCE AND MINING SECTOR

After South Africa, Ghana and Mali Tanzania is the 4th largest gold producer in Africa. The mining industry has experienced an estimated 8.5% growth in 2018 to stand at an estimated valued of USD 960 million, compared to last year’s growth of 3.09% and a value of US$ 880 million. 40% year on year (y-o-y) increase in gold output in 2018 was projected by one of the largest mining companies Acacia mining in the country.... Read more »

Posted on : Tuesday , 9th April 2019

Africa Welcome's Denmark Company, Norden Danish

Expanding its operations to Africa the Norden Danish shipping company is expected to open an office by the end of the year hopefully. Africa will get its boost as this company invent, which will lead to penetration in the market which eventully will effect the growth of the country. It will establish its eleventh office at its new location in Abidjan, Ivory Coast. The company has its hands on not only Africa but.... Read more »

Posted on : Tuesday , 9th April 2019

East Africa portrays solid monetary development says AfDB report

Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive, a report by African Development Bank has observed. Job creation and ramping up manufacturing will continue to be major priority areas for creating growth and employment across the continent, says AfDB. The Bank launched four of its five regional economic.... Read more »

Posted on : Monday , 8th April 2019

ESTABLISHING A NEW AGE OF MACHINES IN KENYA

The best selection of products and technology from all segments of the latest global trends is been bought to Kenya byTools and Equipments in Kenya . Until recent times Kenya was not making substantial growth in the field of industrial machines. They are able to perform all work needed in the running of an industry. Recently machines have started playing an important role eliminating human labor to a certain extent.... Read more »

Posted on : Monday , 29th April 2019

KENYAS PACKAGING THROTTLED TO A WHOLE NEW LEVEL

Kenya is almost entirely dependent on imports for, raw materials for plastic packaging at present. In the Kenya the most demanded material in the field of packaging market is polyolefin, followed by PET.Kenya’s East African market is one of the leading regional packaging markets. The increase in per capita income in Kenya has led to an increase in packaged foods and fast-moving consumer goods. Especially the plastic packaging and food.... Read more »

Posted on : Friday , 5th April 2019