Umutoni said the investors representing over 50 Chinese firms have already met with their Rwandan counterparts and pledged to leverage on the country’s good investment climate to scaleup investments in these sectors.   “They said they would take full advantage of the business reforms and new investment code which was recently unveiled by RDB to inject more money into these sectors,” she said.   Han Jun, the.... Read more »

Posted on : Thursday , 1st October 2015

 The investors, who are already in Nairobi to attend an international conference, have expressed interest in investing in green energy, one of the fastest growing energy sub-sectors in Africa.   State House Sunday announced Kenya was expecting a host of government and business leaders from across the world.   By end of this week, Italian Prime Minister Matteo Renzi will make his maiden visit to the country. Although this visit.... Read more »

Posted on : Thursday , 1st October 2015

Chama cha Ukombozi wa Umma (CHAUMA) presidential candidate Mr Hashim Rungwe has assured Mwanza residents that his new government will transform the region into an industrial hub where unemployment will become history. He said during a campaign meeting held at Buswelu in Ilemela district on Sunday that Mwanza had many industries which were privatized and others that remained inoperative and left to collapse. If CHAUMMA were voted into.... Read more »

Posted on : Thursday , 24th September 2015

Ambassador Eralp said that working with stakeholders in the tourism sector was among her top priorities and insisted that she would work hard to ensure the sector grows and attracts a good number of visitors from Turkey.   She also offered TANAPA an opportunity to advertise with Turkish Airline Magazine, Skyline Magazine and said the move would assist the national parks authority to attract tourists from over 60 destinations worldwide.... Read more »

Posted on : Thursday , 24th September 2015

The Norwegian Minister for Industry and Trade Ms Monica Mæland said at the launching of Yara Fertiliser Terminal in Dar es Salaam on Wednesday that Tanzania’s commitment to agricultural sector development has been impressive making it attractive to global investors due to its huge potentiality.   “I hope Yara will continue to contribute significantly to agriculture growth and Tanzania remaining committed to creating.... Read more »

Posted on : Thursday , 24th September 2015

THE official visit to Tanzania last week of more than 50 Norwegian business leaders led by Minister of Trade and Industry, Ms Monica Maeland, has come at a time when bilateral business ties are witnessing strong momentum. Tanzania has for several decades been one of the most important countries to Norwegian development cooperation. Norway is today heavily involved in climate change issues, strengthening of public revenue management, clean.... Read more »

Posted on : Thursday , 24th September 2015

Kenya and Norway are seeking close business ties to strengthen economic growth and create jobs in the two countries. A high-powered business delegation from Norway is in the country led by the nation’s Minister of Trade and Industry Monica Maeland to seek available business opportunities in Kenya. According to Kenya’s ministry of Foreign Affairs and International Trade, the volume of bilateral trade between the two countries.... Read more »

Posted on : Thursday , 24th September 2015

Kenya is among 12 countries set to benefit from a new initiative that is aimed at strengthening science, technology and innovation in Africa. The Science and Granting Councils Initiative in Sub-Saharan Africa will offer opportunity to member states to boost their science systems to support national and regional development. Although many African countries still face major hurdles in funding research, the Government expressed its commitment in.... Read more »

Posted on : Wednesday , 23rd September 2015

Some senior Kenyan officials will visit China for a one-week training program sponsored by China’s Ministry of Commerce to learn innovative strategies to catalyze industrial progress in the east African nation. Kenya’s Principal Secretary in the Ministry of Industrialization and Enterprise Development Wilson Songa said on Tuesday that the visit will boost Sino-Kenya industrial cooperation.   "This year’s visit to.... Read more »

Posted on : Wednesday , 23rd September 2015

 Hangzhou — Chinese Vice President Li Yuanchao called on China and Africa to draw on private investment in their industrial cooperation when he addressed the fourth China-Africa People's Forum in Yiwu of east China's Zhejiang Province on Wednesday.   The city is known as the world's largest wholesale market for small consumer goods and is home to more than 3,000 African businessmen.   As China works to upgrade its.... Read more »

Posted on : Friday , 18th September 2015

 Metallon Corporation has acquired new equipment for its subsidiary, Arcturus mine in a move expected to turn around operations at the mine, a company official said. Metallon recently announced its intention to spend over $20 million on new projects this current financial year to increase production volumes as gold prices remain unpredictable on the global market.   Metallon chief executive Mr Kenneth Mekani highlighted the company's.... Read more »

Posted on : Friday , 11th September 2015

 An Angolan investment group has agreed to develop an industrial hub in Lubango, Angola for US$350mn brewery-pixabaySTI's investment will be used to develop a brewery, mill, slaughterhouse, soft drink plant as well as a dairy products factory.  The investment is being made by Silvestre Tulumba e Investimentos (STI), an Angolan investment firm that specialises in real estate, car trade, hospitality and distribution of food and spare.... Read more »

Posted on : Thursday , 10th September 2015