Dar es Salaam — Representatives from 50 foreign companies are expected in Tanzania on Saturday this week.   They include those from China.   The representatives will join the Asian nation as it celebrates its New Year in Tanzania, according to a cultural counsellor at the Chinese Embassy in Tanzania, Mr Gao Wei.   "We will celebrate the Chinese New Year in Dar es Salaam on January 21 and 22. With a theme of 'Focus.... Read more »

Posted on : Friday , 20th January 2017

Antananarivo — Chinese Foreign Minister Wang Yi said here Saturday that China always regards Africa as priority in its diplomacy.   During his talks with his Malagasy counterpart, Beatrice Atallah, Wang said that he chose Africa as his first overseas visit destination in 2017 by following a nearly three-decade-old diplomatic tradition.   This signifies that China always regards developing countries as the cornerstone of its.... Read more »

Posted on : Monday , 9th January 2017

Morogoro — A total of 1,423 industries have been set up in Tanzania within one year of President John Magufuli in office, it has been revealed.   Principal Trade Officer in the Ministry of Industry, Trade and Investment, Mr Wilfred Kahwa, made the revelation here yesterday, noting that the industries were developed between October 2015 and October 2016. Some 19 industrial development projects initiated within the year (October 2015.... Read more »

Posted on : Tuesday , 20th December 2016

The government is planning to establish industrial development bank soon to speed up investment flow and loans for industrial development. Permanent Secretary (PS) in the Ministry of Industry, Trade and Investment, Dr Adelhelm Meru, revealed the above in Dar es Salaam yesterday during the official closing of the industrial exhibitions that took place at Dar es Salaam International Trade Fair (DITF) grounds along Kilwa Road.   "The.... Read more »

Posted on : Tuesday , 13th December 2016

 Several global shipping lines will deploy major vessels to the port of Mombasa next year in efforts to revive trade.   According to Kenya Ports Authority (KPA), big ships from Denmark’s Maersk Line, Taiwan-listed Evergreen Marine Corp and French Shipping line CMA CGM will bring goods to Mombasa before they are re-exported to smaller ports in the region.   “The cargo will be re-exported to regional ports of.... Read more »

Posted on : Tuesday , 6th December 2016

 Tooling is important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, and form, drill, cut, shape, cut and cast, determine the quality of manufactured product. Manufacturing industries would continue to create demand for HSS metal cutting tools. The increasing focus on customer satisfaction and product quality is also helping to boost the market for high performance cutting tools.   The total.... Read more »

Posted on : Friday , 25th November 2016

 Global industry needs to continue embracing a green approach and not repeat old ways, Li Yong, the chief of UN Industrial Development Organization (UNIDO) told Xinhua in an interview.   On the occasion of UNIDO's 50th anniversary, Director General Li Yong said his focus was promoting the industrialization of developing countries to achieve goals set in the UN 2030 development agenda.   "Now the new mandate of UNIDO is.... Read more »

Posted on : Thursday , 24th November 2016

Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities in the region. Over the past decade, Africa’s real.... Read more »

Posted on : Tuesday , 3rd October 2017

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has recorded an annual growth rate of 5 percent over the last decade and is expected to continue this trend in the coming years. Six out of ten fastest growing.... Read more »

Posted on : Wednesday , 23rd November 2016

 Henderson County can expect 90 new jobs in the community possibly as soon as the end of 2017. And, according to one official, that's just the start.   Hansens Aluminum LLC , a company based out of South Africa, announced Thursday that they plan to build an $18.4 million manufacturing facility at the Henderson County Riverport.   "We're trying to open up to a broader market by being in Henderson," said Jared Pudney,.... Read more »

Posted on : Wednesday , 23rd November 2016

 The Asian Infrastructure Investment Bank (AIIB) expects to cooperate with UN Industrial Development Organization (UNIDO) in boosting industrialization development in Africa in the future, Jin Liqun, President of AIIB on Monday told Xinhua.   Attending 50-year anniversary of UNIDO in Vienna, Jin said AIIB shares the inclusive and sustainable industrial development mandate with UNIDO, and could cooperate with the organization in the.... Read more »

Posted on : Tuesday , 22nd November 2016

 Llangennech-based Hydro Industries officially opens a treatment plant, which it has designed and manufactured, in Sudan on Saturday. It will deliver 8.5 million litres of water to 82 villages every day. The opening coincides with the 10th anniversary celebrations of the Welsh Government's Wales for Africa programme.   Wales for Africa was launched in response to the Make Poverty History campaign and encourages Welsh people and.... Read more »

Posted on : Tuesday , 25th October 2016