Market News Page No. 221| Africa Business News | Afrotrade

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East Africa: EAC Looking to Assemble Vehicles Locally, Imports to be Hit Hard

A strategy to promote local assembling of vehicles in East African countries may see Uganda lose heavily in customs duties collected daily. According to Uganda Revenue Authority (URA) statistics every day Uganda imports about 100 vehicles from countries such as Japan, Germany, UK and United Arab Emirates. The records mean every month URA collects between Shs28 billion and Shs35 billion worth of taxes from car imports alone..... Read more »

Posted on : Friday , 17th February 2017

Tanzania: China Commends Portuguese, Turkish Firms on SGR Contract

China yesterday clarified that an agreement signed between Tanzania and Governor of Exim Bank of China was meant to facilitate a feasibility study, not an agreement for a loan from China to Tanzania for the construction of central line railway. China has meantime commended Turkish and Portuguese firms that have since won bids to construct the country's first phase of the 250km-stretch of Standard Gauge Railway from Dar es Salaam to.... Read more »

Posted on : Friday , 17th February 2017

Tanzania: Sweden Pledges Increased Trade and Investment, Hails Use of Aid Funds

Sweden has pledged to increase trade and investment while commending the government over good use of donor funds in executing various projects. Swedish Ambassador to Tanzania, Katarina Rangnitt said at the end of a Swedish high level delegation to Tanzania that Sweden is impressed with government efforts to cut spending and good use of donor funds towards the direction of sustainable development. "I'm very happy and proud.... Read more »

Posted on : Thursday , 16th February 2017

Tanzania: Dar es Salaam Scores Top Marks in Global Health & Poverty Reduction

Tanzania has featured prominently in this year's Bill and Melinda Gates annual letter celebrating progress in global health and poverty reduction. The letter is addressed to couple by mutual friend Warren Buffet, who a few months ago asked Melinda and Bill to reflect on the impact his gift has had in the world. Buffett, an American investor, business magnate, and philanthropist in 2006 donated the bulk of his fortune of $30.... Read more »

Posted on : Thursday , 16th February 2017

Africa's Urban Population to Reach 1 Billion by 2040 - World Bank Report

The World Bank (WB) has reported that Africa's urban population will double over the next 25 years, reaching 1 billion people by year 2040. The report cites the population of the continent's urban areas as 472 million, and predicts that an additional 187 million people will be added to urban areas by 2025 to reach the predicted figure. The report titled: "Africa's cities opening to the world", stresses the need for.... Read more »

Posted on : Thursday , 16th February 2017

Tanzania: DR Congo Impressed with Dar Port Services, Pledges to Continue Using Port for Trade

Democratic Republic of Congo (DRC) has pledged to continue using Dar es Salaam port for imports and exports due to its safety and vicinity to their country. The Governor of Katanga province in Democratic Republic of Congo (DRC), Jean Claude Kazembe Musonda, said during his tour to the port in Dar es Salaam yesterday the aim of his visit was to continue maintaining friendship in economic sector. "We decided to visit.... Read more »

Posted on : Thursday , 16th February 2017

Egypt: Messi Postpones Egypt Medical Tourism Campaign Visit

Cairo — Barcelona star Lionel Messi has postponed a medical tourism campaign visit to Egypt following his side's 4-0 defeat against Paris St-Germain in the Champions League on Tuesday. Five-time world footballer of the year was scheduled to arrive in Cairo on Wednesday to promote Egypt's Tour n' Cure medical tourism campaign, launched by Egypt's government. The campaign is aiming to attract Hepatitis C patients to seek treatment.... Read more »

Posted on : Thursday , 16th February 2017

Tanzania: Local Hospital Conducts 20 Heart Surgeries, Saves Patients $1.5 Million

Jakaya Kikwete Cardiac Institute (JKCI) in partnership with India's BLK Super Specialist Hospital has conducted 20 heart surgeries, saving over 340m/- that could have been spent in undertaking the operations abroad. JKCI Director of Cardiology Peter Kisenge said in Dar es Salaam yesterday that the patients with mitral stenosis complications were attended to during a two-day camp that saw other patients undergoing special screening for.... Read more »

Posted on : Thursday , 16th February 2017

Tanzania: Potato Farmers Urged to Use Tilling Tractors to Increase Yields

In a bid to increase yields of Irish potatoes production in the country, Southern Agricultural Growth Corridor of Tanzanians (SAGCOT) has introduced a new system where its growers are encouraged to use modern tilling tractors in its pilot study areas. The SAGCOT Centre Limited Chief Executive Officer (CEO), Mr Geoffrey Kirenga, yesterday told stakeholders attending a workshop organised here to increase yields of the crop by hiring the.... Read more »

Posted on : Thursday , 16th February 2017

Tanzania: Farmers Need Support from Extension Officers to Tackle Climate Change

A coffee farmer in Mbozi District, Mbeya Region, has urged the government to push researchers who could come up with new crop varieties that withstand effects of climate change. The farmer made the appeal while noting that coffee, which was once a popular crop in the district, was slowly losing its prominence. He noted that many coffee farmers in Mbozi are at a loss over what to do after the crop, which they have always counted on,.... Read more »

Posted on : Thursday , 16th February 2017

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

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