N e w s

Opportunities abound in Africa top business leaders say

More than 250 participants convened yesterday for the annual Unstuck Leadership Conference, an event that brings together marketplace leaders to network. The attendants were drawn from the crème de la crème of the Kenyan business community, consisting of captains of industry, entrepreneurs and senior executives. The one-day conference at Radisson Blu entailed leadership presentations and insights, group discussions, speed coaching.... Read more »

Posted on : Monday , 8th August 2016

Tanzanian small-scale miners to get $3m in grants

 Tanzania has set aside $3 million in grants to small-scale miners, in a plan that seeks to develop the sector and boost revenue collection.   The World Bank will be funding the programme, which targets different groups of artisan miners, with women’s groups being allocated 30 per cent of the total fund.   Minister for Minerals and Energy Sospeter Muhongo said that empowering artisanal miners would boost the economy.... Read more »

Posted on : Monday , 8th August 2016

East Africa: Dar es Salaam to Become Regional Hub for Commodity Market

 Tanzania Commodity Exchange (TCX) is set to make Tanzania a hub for commodity trading in East African region that will involve setting up exchange associations and fostering relationships with International agencies. Commodity Exchanges integrates functioning of several key components of agriculture trade namely farmers, traders to services like Warehouse and Warehouse receipt system. It brings in standardization of quality and allows.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania: Tarime Council Plans Dams for Irrigation

 Tarime — Tarime District Council plans to construct dams for irrigation farming and livestock keeping in villages surrounding North Mara Gold Mine.   The council says the projects will enable villagers to have alternative sources of incomes.   "The aim of the council is to improve livestock and farming sectors by putting in place infrastructure like dams for livestock keeping and irrigation farming, " the.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania’s $3.5b oil pipeline from Uganda to finish in 2020

 Tanzania plans to complete construction of a crude oil pipeline from Uganda in 2020 at an estimated cost of $3.5 billion, its energy ministry said on Monday.   Uganda said in April it would build a pipeline, to ship out crude from its fields in the Albertine rift basin, through Tanzania rather than Kenya, which had wanted to secure the export route.   Picking a route is vital for oil firms to make final investment decisions.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania banks on commodity market to boost farmers’ earnings

 Tanzania is counting on the Tanzania Commodity Exchange to boost farmers’ earnings and facilitate market exchange at a time when price fluctuations have taken a toll on farmers’ proceeds.   The commodity exchange which is also expected to foster relationships with international agencies integrates functioning of several key components of agriculture trade namely farmers, traders to services like Warehouse and Warehouse.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania: Target Realised As Road Projects Make Headway

 Bukoba — Deputy Minister for Works, Transport and Communications, Engineer Edwin Ngonyani has assured residents in Kagera region of the government's commitment to upgrade most of the roads to speed up people's development.   He also assured contractors undertaking various road projects of the government's commitment to pay them fully their outstanding payments, saying funds are available.   Mr Ngonyani made the remarks.... Read more »

Posted on : Saturday , 6th August 2016

Obama roots for better US-Africa trade deals

 US President Barack Obama has signed executive order to support American companies interested in doing business in Africa.   Addressing beneficiaries of Young African Leaders Initiative on Wednesday at Town Hall in Washington DC, Obama said Africa has massive growth potential despite facing enormous challenges such as poverty, disease and conflict.   "You have one of the world’s fastest-growing regions, home to a.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania plans to boost sugar output by 31 per cent in four years, state says

 Tanzania aims to raise sugar production by about 31 per cent over the next four years to meet domestic demand, the prime minister's office has said.   Local growers produce around 320,000 tonnes of raw sugar per year against demand of 420,000 tonnes, with imports from Brazil and elsewhere filling the deficit.   President John Magufuli in February tightened restrictions on sugar imports, leading to nationwide shortages and.... Read more »

Posted on : Saturday , 6th August 2016

Rwanda: BPR in Partnerships to Promote Financial Inclusion

 The CEO of Banque Populaire du Rwanda (BPR), Sanjeev Anand, has said they are aiming at promoting the government's goal of financial inclusion.   He made the remarks today while addressing the press about BPR's development partnership with Norfund, the Norwegian Investment Fund for Developing Countries, FMO, the Dutch development bank and Rabobank, a Dutch cooperative bank as a new shareholder.   "BPR welcomes this.... Read more »

Posted on : Saturday , 6th August 2016

Mega industrial park signals Ethiopia’s manufacturing intent

 Ethiopia has commissioned the largest industrial park in Africa, signaling its intention to become one of Africa’s manufacturing hubs. The Horn of Africa nation, which is among the fastest-growing economies in the world, recently unveiled the Hawassa industrial park, which is core to its efforts to become one of Africa’s manufacturing powerhouses.   The mega facility, built at a cost of $250-million, is intended mainly.... Read more »

Posted on : Saturday , 6th August 2016

Chinese firm launches construction of Ethiopia-Kenya power project

 A Chinese company has commenced the construction of a major power transmission line project which will link grids of Ethiopia with Kenya. The firm, China Electric Power Equipment and Technology (CET) announced it has launched the construction of the $ 1.26 billion mega project this week.   The 500 KV transmission line which originates in Ethiopia’s Wolayita Sodo will have power transferring capacity of 2,000 MW and runs about.... Read more »

Posted on : Friday , 5th August 2016

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