Market News Page No. 184| Africa Business News

Ethiopia: East Africa's new economic power

Ethiopia's economy is growing so rapidly it may soon replace Kenya as the largest economic power in the region. But a large number of people in the country still live in poverty and many challenges remain. Ethiopia's Hawassa Industrial park The recent inauguration of the giant Hawassa industrial park was a special moment for Ethiopia's government. Built with Chinese help, the park has modern halls where leather and textile products will be.... Read more »

Posted on : Tuesday , 27th June 2017

East Africa's Mega Industrial Tools, Equipment and Machinery trade exhibition - IndusMach Tanzania 2017

Thousands of global and local buyers and sellers will gather in Tanzania to meet Industrial experts at the 19th IndusMach Tanzania 2017, which opens at The Mlimani Conference Center this August. More than 105 exhibitors will present their latest products and production capabilities to buyers from Europe, the United States, Asia and the Middle East at Africa’s Mega Industrial Tools, Equipment and Machinery trade exhibition. The event,.... Read more »

Posted on : Tuesday , 13th June 2017

Africa's plastic & printing industry is reporting high growth

Africa has become a key player in the international plastics and packaging industry where plastic goods and expertise are in high demand. Africa's plastic industry is reporting high growth rates as demand for plastic goods and machinery in Africa registers a steady growth. Africa's overall economy is currently on a growth path. Many countries in Africa have experienced several years of strong economic growth (ranging from 8-12% in 2009) and.... Read more »

Posted on : Wednesday , 16th August 2017

Meet leading experts in the Dental sector at the 2nd DentExpo Tanzania 2017

Hundreds of global and local buyers and sellers will gather in Tanzania to meet leading experts in the Dental sector at the 2nd DentExpo Tanzania 2017, which opens at at The Mlimani Conference Center this August. More than 80 exhibitors will present their latest products and production capabilities to buyers from Europe, the United States, Asia and the Middle East at Africa’s Dental care Products and Equipment trade exhibition..... Read more »

Posted on : Tuesday , 13th June 2017

Tanzanian Government is financing a lot of different health care development projects

In its endeavor to accommodate to the current and future needs of the East Africa’s citizens and develop the East Africa’s health care sector in terms of quality, standards and the level of services provided, the Tanzanian Government is financing a lot of different health care development projects with its ever so increasing budget allocation towards the same. In this context, Tanzanias MedExpo Exhibition 2017 will kick off its.... Read more »

Posted on : Tuesday , 13th June 2017

Agriculture is Tanzania�s economy mainstay, contributing USD 13.9bn to its GDP

With its land and water resources, motivated agricultural entrepreneurs, and access to international markets through a major port, Tanzania has excellent potential for agriculture-led economic growth. Furthermore, women account for 70 percent of those employed in the sector, allowing them to participate along the entire value chain and empowering them as beneficiaries. Tanzania’s climate is favorable for a variety of crops—and with.... Read more »

Posted on : Tuesday , 13th June 2017

Tanzania�s annual GDP growth rate averaged 7% over the past 5 years, one of the 20 fastest growing economies in the world

The East African nation of Tanzania has an estimated population of 50 million as of 2016. The country has maintained relatively stable, high growth over the last decade (averaging 6%–7% per annum). While the poverty rate has recently declined, the absolute number of the poor has not changed given the fast pace of population growth (over 3% per annum). Today, agriculture is the main contributor to the value of Tanzania’s.... Read more »

Posted on : Tuesday , 13th June 2017

Solar power revolution is happening in Tanzania

Solar power revolution is happening in Tanzania with a new study indicating that more than half (65 per cent) of rural households that have access to electricity use solar. The Energy Access Situation Report 2016 released earlier this week by the National Bureau of Statistics and the Rural Energy Agency shows that grid electricity is the second largest source of power in rural areas with 34.5 per cent of households.... Read more »

Posted on : Tuesday , 13th June 2017

Tanzania hopes to triple its power generation output by 2020

Tanzania has abundant energy resources such as hydro, natural gas, coal, uranium, wind, geothermal, biomass, solar, tidal and waves and the demand is equally high. So this demand is attracting suppliers to tap this market and expand to an ever so growing market, with the help of the 03rd Power and Energy Tanzania Exhibition it will make it easier for companies around the world to do so. According to new reforms The African Development Bank.... Read more »

Posted on : Tuesday , 13th June 2017

03rd Oil & Gas Tanzania 2017 - Meet and do business with leading giants in the Oil & Gas industry

Tanzania’s upstream oil and gas sector is currently enjoying a boom following major discoveries of natural gas by Statoil, Ophir Energy and BG Group. These discoveries mean that in 2016 Tanzania’s total estimated natural gas reserves quadrupled from 10 trillion to 40 trillion cubic feet. This upward trend has been welcomed by the best global Oil and Gas players, as they ready themselves for the return of Africa’s premier and.... Read more »

Posted on : Tuesday , 13th June 2017

Tanzanias Mining sector is booming

Tanzanias Mining sector is booming. Tanzania is endowed with vast quantities and types of resources whose extraction has been central to the country’s economic growth. Mining is one of the leading sectors in Tanzania, with the value of mineral exports increasing each year. Leading minerals include gold, iron ore, nickel, copper, cobalt, silver, diamond, tanzanite, ruby, garnet, limestone, soda ash, gypsum, salt, phosphate, coal, uranium,.... Read more »

Posted on : Tuesday , 13th June 2017

LightExpo Tanzania brings together domestic and international players in the light industry.

According to the Ministry of Energy and Minerals only 36% of the national population in Tanzania is connected to the grid. While this number is up from 10% in 2010 – access is largely limited to major towns. In rural areas only 11% of the population is connected to the grid. Given the large geographical size of the country and the dispersed population, off-grid energy is well positioned to play an important role in reaching the.... Read more »

Posted on : Tuesday , 13th June 2017