N e w s

Tanzania: Govt to Construct $3 Million Dry Port to Ease Pile-Up at Dar Port

Dar es Salaam — In its effort to decongest Dar es Salaam Port, the government will next month start constructing an inland container depot (ICD) worth Sh7.286 billion at Ruvu in Coast Region.   The minister of Works, Transport and Communications, Prof Makame Mbarawa, told reporters that there are also plans to to widen and deepen the berths of the port and construct a new one at Mtwara Port that would enable large vessels to.... Read more »

Posted on : Thursday , 16th February 2017

Africa: Tanzania, Zambia, DR Congo to Construct $85 Million Bridge to Boost Trade

Dar es Salaam — Tanzania, Zambia and the Democratic Republic of Congo (DRC) are planning to construct a 700km bridge in an effort to boost trade relations among them.   DRC's Katanga Province governor Jean-Claude Kazembe said here yesterday that the bridge to be constructed at Kasenga on the border between Congo and Zambia will cost $85 million (about Sh190 billion on the prevailing exchange rate). Upon constructing the bridge it.... Read more »

Posted on : Thursday , 16th February 2017

Rwanda: Govt Approves New Tax on Imports, Proceeds to Fund AU

Rwanda has introduced a new law enabling the levying of a tax on imported goods, with proceeds going to the financing of the African Union.   A Cabinet meeting chaired by President Paul Kagame passed the draft law to establish the 0.2 per cent tax on imported goods.   At the 27th African Union Summit held in Kigali in July 2016, African governments unanimously adopted a formula known as the Kigali Declaration proposed by a review.... Read more »

Posted on : Thursday , 16th February 2017

Rwanda: Govt Approves New Tax on Imports, Proceeds to Fund AU

Rwanda has introduced a new law enabling the levying of a tax on imported goods, with proceeds going to the financing of the African Union.   A Cabinet meeting chaired by President Paul Kagame passed the draft law to establish the 0.2 per cent tax on imported goods.   At the 27th African Union Summit held in Kigali in July 2016, African governments unanimously adopted a formula known as the Kigali Declaration proposed by a review.... Read more »

Posted on : Thursday , 16th February 2017

Rwanda: Govt Approves New Tax on Imports, Proceeds to Fund AU

Rwanda has introduced a new law enabling the levying of a tax on imported goods, with proceeds going to the financing of the African Union.   A Cabinet meeting chaired by President Paul Kagame passed the draft law to establish the 0.2 per cent tax on imported goods.   At the 27th African Union Summit held in Kigali in July 2016, African governments unanimously adopted a formula known as the Kigali Declaration proposed by a review.... Read more »

Posted on : Thursday , 16th February 2017

Tanzania: Japanese Contractor Asked to Speed Up Tazara Flyover Construction

Works, Transport and Communications Minister, Prof Makame Mbarawa has directed the contractor constructing the Tazara Flyover to speed up in order to reduce the duration the project.   Speaking at the construction site in Dar es Salaam yesterday, Prof Mbarawa, hailed the contractor, Sumitomo Mitsui, for the progress made putting emphasis on increasing speed for people to start benefiting from the project. "Ensure to employ much.... Read more »

Posted on : Thursday , 16th February 2017

Kenya: Fuel Prices Go Up; Petrol Hits Sh100 Per Litre in Nairobi

The energy regulator has signalled more pain at the pump as it announced that petrol is up by Sh4.26 a litre to Sh100.27 in Nairobi in its latest review.   Diesel is also up Sh5.03 a litre to Sh89.26 while kerosene is up Sh3.75 to Sh67.19 a litre, the Energy Regulatory Authority (ERC) said Tuesday while citing a 20 per cent global increase in crude prices when the cargo was procured in December.   "In comparison with last.... Read more »

Posted on : Wednesday , 15th February 2017

Rwanda: Ugandan Firm Acquires Kigali's Umubano Hotel for $20 Million

The new investor will renovate the facility to tap into growing country's tourism sector   Rwanda's hospitality industry has received a major boost after Uganda's Madhvani Group acquired Umubano Hotel, ending a long-running delay that was hurting the credibility of this facility as well as tourism prospects.   The 4- star facility , with 100 rooms, 14 suites, four conference rooms, a swimming pool, tennis court, and a mini-golf.... Read more »

Posted on : Wednesday , 15th February 2017

Rwanda: Airspace Agreement with Mali to Boost Trade Between Nations

Trade and tourism between Rwanda and Mali could flourish following a new bilateral Airspace Service Agreement signed yesterday in Kigali.   Both countries agreed to open their airspace allowing their national carriers to operate without restrictions.   According to the agreement, all air service operations will be conducted under the fifth freedom arrangement, which means an airline has the right to carry passengers from one.... Read more »

Posted on : Wednesday , 15th February 2017

Africa: U.S. Scientists Devise New Method to Measure Crop Yields Using Satellites

London — "Improving agricultural productivity is going to be one of the main ways to reduce hunger and improve livelihoods in poor parts of the world"   U.S. researchers have come up with a new method of estimating crop yields from small farms in Africa using high-resolution images from the latest generation of satellites - a development which could help cut hunger in poor parts of the world.   Improving.... Read more »

Posted on : Wednesday , 15th February 2017

Tanzania: Gemstones Worth $4 Million Sold at Arusha Auction

Tanzanite Gemstones valued at more than 9.3bn/- changed hands during the second Mineral Auction in Arusha Region over the weekend.   The Director of Diamond and Gemstones Valuation Unit of Tanzania Mineral Sorting Company (TANSORT), Mr Richard Karugendo, said this year's auction beat last year event by over 2bn/- worth of sales because during the 2016 auction minerals worth 7bn/- were sold.   A total of 68 mineral firms.... Read more »

Posted on : Wednesday , 15th February 2017

Tanzania: SAGCOT Claims It Doesn't Use Genetically Modified Organism Technology

The Southern Agricultural Growth Corridor of Tanzania (SAGCOT) does not use genetically modified organism (GMO) technology in its large scale farming initiatives in the country as it is not yet approved by the government.   The SAGCOT Chief Executive Officer, Geoffrey Kirenga, said in Dar es Salaam over the weekend that the seeds used in their initiatives have been approved by the government and would never adopt a technology that has not.... Read more »

Posted on : Wednesday , 15th February 2017



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