N e w s

East Africa: Exim Bank Tanzania Assets Top U.S.$3 Billion

 Dar es Salaam — Exim Bank (Tanzania) total assets were at $3.3 billion by June 2016 as the bank celebrated its 19 years of doing business.   It started operations on August 15, 1997 and this year management has launched new products to harness its client's trust while also adding to the asset base.   Selemani Ponda, the Tanzania Chief Finance Officer said last week, the bank has built a strong and well-diversified.... Read more »

Posted on : Wednesday , 31st August 2016

Tanzania-China Enterprises Unlock Huge Agriculture Potentials

 Tanzania could capitalise on food crisis striking most African countries, an initiative that would boost its foreign exchange earnings.   The abundant agriculture land resources give the country enormous development potentials that through use of modern technologies could transform farming activities and lead to improved living standards.   The Chinese Ambassador to Tanzania, Mr Lv Youqing, said in Dar es Salaam last week.... Read more »

Posted on : Wednesday , 31st August 2016

Tanzania: PM to Japanese Firms - Invest in Tanzania, We'll Support You Fully

 Nairobi — Prime Minister Kassim Majaliwa has urged Japanese companies to invest in Tanzania to strengthen Nipon-Tanzania economic relations.   In separate talks he held with chief executive officers of various Japanese firms here on Sunday on the sidelines of the TICAD IV meeting, Mr Majaliwa assured existing and potential Japanese investors of government co-operation. He advised them to, at least, send teams to scout.... Read more »

Posted on : Wednesday , 31st August 2016

Rwanda: Rwf58 Billion Earmarked for Kigali Urban Road Upgrades

 A total of 51.5 kilometer road network is set to be upgraded in the City of Kigali at a cost of Rwf58.2 billion courtesy of the Export-Import Bank of Chaina.   The draft law for the ratification of the loan agreement signed in Beijing, for the Yuan 488m, was approved by a recent Cabinet meeting.   The agreement was signed between the Rwandan government and the Export-Import Bank of China for Kigali Urban Road Upgrading.... Read more »

Posted on : Wednesday , 31st August 2016

Ethiopian dam study contracts to be signed in Sept: Egypti's foreign ministry

 The contracts with two consulting firms to carry out technical studies into the impact of Ethiopia's Grand Renaissance Dam will be signed on 5 and 6 September, Egypt's foreign ministry said on Tuesday. In a meeting with reporters, Ahmed Abu Zeid said that the irrigation ministers of Egypt, Sudan and Ethiopia will attend the contract signing in Sudan.   The three countries agreed in 2015 that two French firms, Artelia and BRL, would.... Read more »

Posted on : Wednesday , 31st August 2016

Dangote shakes Kenya’s cement market with Ethiopia imports

 Nigeria’s Dangote Cement has started its shake-up of the Kenyan market with imports of the commodity from its plant in neighbouring Ethiopia as it prepares to establish a local manufacturing plant.   Dangote’s targeting of the Kenyan consumer with low-cost cement from Ethiopia is expected to further drive retail prices downward in a market where they have remained static for nearly 10 years.    Importing.... Read more »

Posted on : Wednesday , 31st August 2016

Egyptian Samcrete’s IDG studies developing industrial zones in KSA, Ethiopia

 Industrial Development Group (IDG), the industrial arm of Egypt-based construction firm Samcrete, is studying developing major industrial zones in Ethiopia and Saudi Arabia. The move will be part of IDG’s strategy to expand businesses abroad.   Sameh Attia, IDG’s managing director, said his firm is currently conducting studies on offers received from a number of investors to develop major industrial zones in Ethiopia and.... Read more »

Posted on : Wednesday , 31st August 2016

DR Congo ready for talks on Lake Tanganyika oil and gas prospects

 Tanzania has said the government of the Democratic Republic of Congo has agreed to talks with four countries sharing the Lake Tanganyika to discuss ways of extracting natural gas and oil in the lake.   Experts have warned that the lack of demarcated boundaries between countries sharing the lake could lead to disputes.   It is understood that Tanzania and DR Congo have been at loggerheads over the proposal for the two.... Read more »

Posted on : Wednesday , 31st August 2016

Dream safari in the heart of Tanzania

 Dar es Salaam - Set in the Selous Game Reserve, the largest in Africa, Azura Selous offers more than just your average safari.   Previously consisting of just 11 luxury tents, each with private plunge pools overlooking the Ruaha River rapids, Azura has just launched Villa Twiga.   It offers more privacy, a lot more opulence and additional outdoor areas, in comparison to the other tented villas, for guests to truly immerse.... Read more »

Posted on : Tuesday , 30th August 2016

Africa Off Grid Solar Lighting Market worth $1.4bn by 2024

 Africa Off Grid Solar Lighting Market size is expected to reach USD 1.41 billion by 2024; according to a new research report by Global Market Insights, Inc. SLS, SHS and LSHS are key products prevalent in the industry. Solar lantern system was largest product segment followed by SHS. The SHS Africa off grid solar lighting market size was over 3 million units in 2015.   The market is categorized on application basis as residential,.... Read more »

Posted on : Tuesday , 30th August 2016

Kenya sets Ksh 3B for compiling geological map

 The Ministry of Mining has received Ksh 3 billion from the government to compile a new geological map detailing available pockets of minerals and their quantities.   Only 4 per cent of Kenya’s minerals have been located and mined, according to official estimates from the ministry, prompting the need for a clear study to inform prospective investments.   The Ministry, through ‘Project Tai’, will identify.... Read more »

Posted on : Tuesday , 30th August 2016

Kenya: Japan and Kenya Sign Sh27.3 Billion Deal to Build Dongo Kundu Hub

 Kenya has secured Sh27.3 billion from Japan to construct an industrial and commercial hub in Dongo Kundu, Mombasa.   The first phase of the Special Economic Zone (SEZ), which is expected to alter the coastal town in terms of infrastructure and business, is scheduled to be ready by 2019.   An agreement signed by the governments of Kenya and Japan on the sidelines of the Tokyo International Convention on Africa Development.... Read more »

Posted on : Tuesday , 30th August 2016

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