Market News Page No. 329| Africa Business News | Afrotrade

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Tanzania: After Dart Port Clean-Up, Time to Boost Railways

Dar es Salaam Port was one of the immediate points of focus by the new John Magufuli government and it was not hard to see why. This facility is, in all intents and purposes, Tanzania Treasury's cash-cow which, whenever it suffered a crash, the revenue collection targets suffered a great deal. Two surprise visits at the Port by the Prime Minister soon after inauguration of the JPM government resulted into measures that turned around.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: More Rural Areas to Access Power Than Urban Ones By 2020

Handeni — Energy and Minerals Minister, Professor Sospeter Muhongo, has said Tanzania is going to book a place in modern African history within five years of the Fifth Phase Government, as more rural dwellers will be able to access electricity than their urban counterparts. He said through the rural electrification programme being carried out by the Rural Electrification Agency (REA), there will be more power users in the.... Read more »

Posted on : Thursday , 18th August 2016

China seeks to strengthen trade ties with Kenya

Chinese ambassador to Kenya Liu Xianfa wants Kenya to commit itself more to the current mutual co-operation between the two countries. In a forum held in Mombasa last Friday dubbed 'China-Africa Media and Think-Tank Symposium', Mr Xianfa reminded the country that bilateral trade volume between Kenya and China has hit $6 billion (Sh600 billion). This is twice as much as that of 2013. "It would therefore suffice to say China has.... Read more »

Posted on : Thursday , 18th August 2016

Kenya and Dutch working to strengthen use of health IT for better patient care

The Cabinet Secretary for Health Dr. Cleopa Mailu today held bilateral talks with the Dutch Ambassador Fran’s Makken to cultivate the use of Health Information Technology tools to improve the quality and efficiency of the delivery of health care in the country. The Ambassador was accompanied by Mr. Alec C. Behrens, CEO of MDLinking the innovators of Virtual Reality experience for Doctors using a mobile based platform to provide.... Read more »

Posted on : Thursday , 18th August 2016

Govt. launches committee to eliminate rabies by 2030

A national committee to spearhead the elimination of mediated rabies in Kenya by the year 2030 has been launched. The Director of Medical services, Dr. Jackson Kioko launched the 10 member National Rabies Elimination Coordination committee today to implement the National Rabies Elimination Strategy of 2014 to enable the country to eradicate rabies. A KES 1.15 billion pilot phase has been launched in Makueni, Machakos, Kitui,.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania, WB sign $200m electricity deal

Tanzania. The government of Tanzania and the World Bank yesterday signed a Memorandum of Understanding (MoU) in which the latter will provide $209 million (about Tz Shs456 billion) for the implementation of six-year rural electrification expansion programme. The six-year project will also be financed by other development partners including Norway who will offer $80 million, Sweden ($70 million), European Union ($50 million),.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: World Bank Defends Award of Sh14 Billion Tender

Dar es Salaam — The World Bank (WB) has defended the awarding of a Sh14 billion tender that was recently termed illegal by Public Procurement Appeals Authority (PPAA). Through a loan agreement, the WB is funding a project for designing, supplying, installation and commissioning of Integrated Land Management Information Systems (ILMIS) which is under the supervision of the Prime Minister's Office (PMO) through its Project.... Read more »

Posted on : Thursday , 18th August 2016

Africa: It Is Good That Tazara Is Making Profit Again

We are so much delighted to share with our readers the good news from Lusaka, Zambia about the Tanzania-Zambia Railway Authority (TAZARA), which made 13.50 million US dollar profit in the 2015/2016 financial year as it makes steady progress towards fulfilling its great potential. It has attributed the profit to improved business resulting from increased haulage from 87,000 metric tons of freight in the 2014/2015 financial year to.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: Pension Funds Urged to Invest in Industries

Arusha — As Tanzania treads its path to industrialisation, social security funds have been urged to invest in industries. The minister of State in the Prime Minister's Office (Policy, Parliament, Labour, Employment, Youth and the Disabled), Ms Jenista Mhagama, says industrialisation forms a fundamental linchpin to the fifth phase government's plans for the country's economic transformation Ms Mhagama said this on Monday.... Read more »

Posted on : Thursday , 18th August 2016

Crowdfunding is growing, and East Africa fast becoming hub for cash

East Africa is emerging as a hub for crowdfunding. The online platforms — which also offer grants, endowments, debt and equity — raised $37.2 million in 2015 in Kenya, Rwanda, Tanzania and Uganda. Research on crowdfunding — the pooling of money by many individuals for equity investment in startups — and peer-to-peer (P2P) finance show that last year, the nascent segment raised $22 million for investments in.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: Six-Year 456bn/ - Rural Electricity Deal Signed

The government and the World Bank yesterday signed a Memorandum of Understanding (MoU) in which the latter will provide 209 million USD (about 456bn/-) for the implementation of six-year Rural Electrification Expansion Programme. The six-year project will also be financed by other Development Partners (DPs). Other partners who will finance the project are Norway who will offer 80 million USD, Sweden (70 million USD), European Union (50.... Read more »

Posted on : Wednesday , 17th August 2016

Tanzania to Invest U.S.$30 Billion in Lindi Gas Plant

The Minister for Energy and Minerals, Professor Sospeter Muhongo, revealed yesterday that the government will invest at least 30 billion USD (over 60 trillion/-) for the construction of a gas processing plant in Lindi Region. He said the government is already embarking on the grand plan and that Lindi residents and Tanzanians in general should expect economic revolution in few years to come. Prof Muhongo was speaking during the official.... Read more »

Posted on : Wednesday , 17th August 2016

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