Market News Page No. 79| Africa Business News

Tanzania acquires coffee, tea and legumes market in China

Tanzania Trade Development Authority (TTDA) has said that the country has secured a market for coffee, cashew nuts, ginger, tea, peas, and legumes in China where there is high demand for the commodities. A media report said that the development was announced by TTDA Director General, Mr Edwin Rutageruka after the Asian country was impressed by the commodities during ChinaASEAN expo 2018 held in China. “China’s population is.... Read more »

Posted on : Monday , 1st October 2018

An agreement USD 66.60 million for infrastructural construction signed between Rwanda and India

Rwanda and India have signed a US$66.60 million (Approximately Frw 56 billion) concessional loan agreement worth US$66.60 million (Approximately Frw 56 billion) towards the construction of the Base- Butaro-Kidaho road project. Dr. Uzziel Ndagijimana, Rwandan Minister of Finance and Economic Planning signed on behalf of the Rwandan Government along with Mr. Tarun Sharma, General Manager and Regional Head of India Export Import Bank representing.... Read more »

Posted on : Monday , 1st October 2018

Nairobi CBD will soon boast of the largest mall space in Kenya

British architecture firm aLL Design and Nanyuki Cedar Mall developer Kiloran Development Group Kenya is set to construct the largest mall space on the periphery of Nairobi’s City Centre. The development will aim to become a stand alone retail leisure destination but will also have offices. The shopping mall which will be christened ‘The Beacon’ is planned to be set on a site off the east of Uhuru Highway towards Bunyala Road.... Read more »

Posted on : Saturday , 29th September 2018

EAC works to Excel in Low Cost Car Assembly & manufacturing Plants in East Africa

The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region. This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summit. Among the items on the agenda were the consideration of the:.... Read more »

Posted on : Friday , 28th September 2018

China Promotes Tanzania's Cassava Production

The ongoing China-ASEAN Expo 2018 has promoted investment and trade opportunities in Tanzania, yielding positive results with some Chinese investors expressing interest in processing cassava starch. The good news comes amid the 1 billion US dollars (about 1.22trl/-) agreement between the governments of Tanzania and China in commercialization of the tubers, which are on high demand in Asian countries, particularly China. Speaking on the.... Read more »

Posted on : Thursday , 27th September 2018

Hyundai introducing a new line up at Autoexpo Africa for Tanzania

Tanzania offers many opportunities and the 21st Autoexpo Africa scheduled for November 2018 in Dar es Salaam is one of the mainstream avenues for marketing a global brand like Hyundai to the East African region. The company is preparing to introduce new products and is working on expanding its portfolio of vehicles to cater to the next generation car owner. Hyundai believes that people’s expectation toward individual mobility requires more.... Read more »

Posted on : Saturday , 22nd September 2018

Hyundai East Africa Ltd. building a better future for Tanzania with Buildexpo Africa

In November 2018, Hyundai East Africa Ltd., is participating at Buildexpo Africa – Tanzania to promote the state of the art Excavator R220LC-9S. As a Prime Platinum Exhibitor at the International Exhibition the company looks to attract top industry professionals from all over the continent, including Builders, Developers, Importers, Architects, Consultants, Engineers, Manufacturers and Investors who may be key decision makers for their.... Read more »

Posted on : Friday , 21st September 2018

Tallest high rise in Africa to be developed in Malindi Kenya

Watamu shoreline, in Malindi Kenya is set to have the tallest high rise in Africa eclipsing the Pinnacle Tower in Nairobi's Upperhill region that stands at 70 stories and 300 meters in stature and as at now is the tallest high rise in the landmass. The Palm Exotica upon fruition will tower a tallness of 370 meters, and will be a 61-story building. It was outlined by Italian engineer Lorenzo Pagnini and is said to be a blended utilized.... Read more »

Posted on : Friday , 21st September 2018

Tanzania secures US $1.46bn loan for Standard Gauge Railway (SGR).

Tanzania has anchored a US $1.46bn concessional credit from the Standard Chartered Bank Group to subsidize its Morogoro-Dodoma standard check railroad (SGR). As per Dr. Philip Mpango, Finance Minister the new credit is a piece of an understanding came to with Standard Chartered Bank Group Executive Director Bill Winters in Dar es Salaam, which will go to finance the 430 km line among Morogoro and Makutupora. The legislature has so far.... Read more »

Posted on : Thursday , 20th September 2018

Indian packaging companies to pack African milk, liquor and F&B products

The African continent has recently emerged as a high growth region for the packaging industry, with demand being driven by increased markets for consumer products, burgeoning individual incomes, an expanding population of youthful consumers and growing domestic economies, particularly in East and West Africa. Indian packaging companies have lately begun to aim at this lucrative and expanding market in a big way. In recent past, the entire.... Read more »

Posted on : Tuesday , 18th September 2018

Qatar Airways to Start direct Flights to Mombasa

Qatar Airlines will launch direct flights to Mombasa, Kenya’s second biggest city. Expected to happen in December, the move will increase the competition for local carriers. After Nairobi, this is the second destination in Kenya to receive the service. The airlines will undertake a four times weekly flight from Doha to Mombasa. Airbus A320 will be used for this operation, with 12 business class seats and 120 economy class seats..... Read more »

Posted on : Wednesday , 12th September 2018

Tanzania See's Beneficial Health Policy Launched by Jubilee and Aga Khan

Tanzania’s Jubilee Insurance Company and the Aga Khan Health Services have joined hands to successfully launch an insurance product to assist with medical and health needs. ‘JilindeAfya’ as it is called, will offer a comprehensive preventative and curative healthcare solution. The newly initiated project will cover both in-patients and out patients. The product aims to give all individuals in Tanzania an easy access to.... Read more »

Posted on : Wednesday , 12th September 2018