Market News Page No. 205| Africa Business News | Afrotrade

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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

Meet top furniture and wood experts at the 03rd Afriwood Tanzania 2017

Thousands of global and local buyers and sellers will gather in Tanzania to meet top furniture and wood experts at the 03rd Afriwood Tanzania 2017, which opens 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 Mega Woodworking and Furniture manufacturing trade exhibition. The.... Read more »

Posted on : Monday , 12th June 2017

Explore the Emerging Market in East Africa - AUTOEXPO TANZANIA 2017

The automobile industry in Tanzania is growing, supported by growing incomes, improving urban infrastructure and the supply of cost-effective vehicles by Asian manufacturers. This sector of Tanzania gives ample opportunities to other countries to enter the market. There has been strong prediction that there will be growth close to 3% per annum in vehicle sales in Tanzania over the period of 2018. As per the statistics of the Tanzania.... Read more »

Posted on : Monday , 14th August 2017

BuildExpo Tanzania 2017 - Africa's premier and most trusted building and construction tradeshow

TANZANIA has in recent years seen unprecedented growth in construction sector, with mushrooming new houses, multi-storey buildings, roads and bridges, the trend that has contributed to surging demand for the building materials, Increased government funding on infrastructure development in almost every financial year has acted as an incentive for continued inflows of investments in the construction industry so this upward trend has been.... Read more »

Posted on : Monday , 14th August 2017

Rwanda: JICA Pledges to Provide Technical Support to 'Smart Rwanda' Initiative

The Japan International Cooperation Agency (JICA) has pledged more support to Rwanda's Information and Communication Technology (ICT) sector as the country moves toward a digital economy. According to Toda Takao, JICA's vice president in charge of human security and global health, the aim is to offer Rwanda full-scale technical support to implement Smart Rwanda master plan. Under the new smart Rwanda master plan, government.... Read more »

Posted on : Sunday , 14th May 2017

Rwanda: Govt Focusing on Off Grid Solutions to Boost Energy Efficiency

The government is set to prioritise off-grid energy solutions such as solar energy and mini-power plants, reduce energy losses, as well as consider using natural gas instead of diesel in energy generating systems to ensure efficiency. According to the Minister for Infrastructure, James Musoni, the development is in line with the country's target to generate 563 megawatts and enable 70 per cent of Rwandan households to access electricity.... Read more »

Posted on : Sunday , 14th May 2017

Rwanda: Vision City Project Supported by Chinese Firm to Address Housing Challenges

Located on one of the hills at "The Land of a Thousand hills," the Vision City project is part of the Rwandan government's efforts to solve housing challenges in the capital city Kigali. The first phase of the project, the biggest housing project in Rwanda, is consisted of 504 units of villas and apartments. According to the plan, after all the four phases are completed, the project will have the capacity to accommodate over.... Read more »

Posted on : Sunday , 14th May 2017

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