N e w s

Finland's 2 Million Euros to Boost Tanzania Growth

Dar es Salaam — Finish government has granted Euro 2 million (about Sh4.7billion) to an organization working to unlock economic potentials in East Africa--TradeMark East Africa (TMEA)--to complete building houses for staff working at border posts.   The move is part of a bigger plan to facilitate a one-stop-centre in four border posts in Tanzania.   The system which was proposed by the East African Community (EAC) will reduce.... Read more »

Posted on : Monday , 14th December 2015

Trade Talks in Nairobi Can Deliver a Transformed World

 After a long and winding journey that started when the World Trade Organization first chose Nairobi as the venue for its 10th Ministerial Conference, known by the acronym MC10, the time has come for us to actualize the dream of hosting the world in Africa. The meeting kicks off on Tuesday in Nairobi, where we expect to receive thousands of visitors.   It has been a year of hard work and tough negotiations. It has been a year of.... Read more »

Posted on : Monday , 14th December 2015

Italy Sees Ethiopia and Ghana As Priorities in its Africa Trade Partnership Plans

The Italian export credit agency SACE will join Italian companies on a trade mission, organized by the Ministry of Economic Development and led by Vice Minister Carlo Calenda to Ghana and Ethiopia. Vice Minister Calenda said on Tuesday (December 8) in Rome that the Italian Export Credit Agency (SACE) and other Italian companies now saw Ethiopia and Ghana as priorities in their plans to become African leading trading partners. Mr. Calenda.... Read more »

Posted on : Friday , 11th December 2015

Atlas acquires East African bottling plant

 Atlas Development & Support Services Limited has announced it has completed its acquisition of East Africa Packaging Holdings Limited Atlas Development aleksandr huntaA glass bottle manufacturing facility will be built 45 km north of Addis Ababa, Ethiopia.The Chancho Project, which will be rolled out by East Africa Packaging Holdings, will involve designing a glass bottle manufacturing facility 45km north of Addis Ababa,.... Read more »

Posted on : Friday , 11th December 2015

Kenya's Exports to Go Up By Sh10 Billion

Kenya's manufacturing sector is set to get a new growth stimulus when an Africa-wide trade pact that could provide access to a big market is implemented.   In June, African leaders signed a 26-nation pact -- the Tripartite Free Trade Agreement (TFTA) -- to create a common market covering half of the continent.   As the regional trade integration agenda is implemented, Kenya is expected to cash in on the combined GDP of over.... Read more »

Posted on : Friday , 4th December 2015

China to Place Zim On Investment 'Priority List'

Happiness Zengeni and Tinashe Makichi Zimbabwe's economic fortunes are set to change dramatically once it is admitted into an exclusive group of countries being targeted by China for investment.   International Co-operation Centre-National Development Reform Commission of China director-general Dr Cao Wenlian told a China-Zimbabwe Business Forum yesterday that China was looking at admitting Zimbabwe into the priority list of African.... Read more »

Posted on : Wednesday , 2nd December 2015

Crown Paints to construct a manufacturing plant in Kenya

 Crowns Paints Kenya Ltd is planning to construct a factory in the Western Kenya that will help reduce cost of transporting paint from its Nairobi plant.   The new plant which is also expected to help increase the output of the company will cost US$ 4m for it to be complete.   Chief Executive of Crown Paints Rakesh Rao confirmed the reports and said that the new plant will foster growth and better service in that region since.... Read more »

Posted on : Saturday , 28th November 2015

East Africa businesses get help to tap American market

 Major plans are underway to boost the capacity of micro, small and medium-sized enterprise players to enable them leverage on the African Growth and Opportunities Act (Agoa) through exports to the US market.   Experts say that despite the recent Agoa Extension and Enhancement Act of 2015, giving Kenya the opportunity to increase its trade volumes with the US, the country has failed to reach its potential.   In 2013, Kenya.... Read more »

Posted on : Monday , 23rd November 2015

Kenya to allow foreign firms to retain full ownership

 Kenya plans to reform its company law in order to allow foreign firms to establish local branches that can own 100 percent, a senior official said on Monday. Cabinet Secretary for Industrialization and Enterprise Development Adan Mohamed said during a business forum in Nairobi that Kenya recognizes the role that foreign capital plays in the economic development of the country and will create better environment for foreign.... Read more »

Posted on : Saturday , 21st November 2015

Four industrial parks in East Africa to be contracted

 Four industrial parks in Ethiopia will be constructed in the next two years that will cost US$ 2bn, a senior government official has confirmed.   Trade and industry State Minister Tadesse Haile confirmed that the concerned people have finalized on the inspection of four more parks in the eastern town of Dire Dawa, Kombolcha and Mekelle in the country’s North, and Adama in the capital’s south waiting for the launch that.... Read more »

Posted on : Friday , 20th November 2015

Chinese Investors to Build Livingstone Trade Centre in Africa

 Consortium investors from Tianjin, Northern China have pledged to establish an international procurement centre in Livingstone to facilitate the buying and export of Zambian products to China and possible markets.   A business delegation which is in Zambia to explore investment opportunities in the country have also pledged to invest more than US$20 million to establish manufacturing plants for various machines and products in.... Read more »

Posted on : Thursday , 19th November 2015

Arki Mineral Water Bottling Factory Inaugurated

The Arki Mineral Water Bottling Factory constructed at a cost of 40 million Birr was inaugurated last Saturday. It has created permanent job opportunities for 110 citizens.   Speaking at the inauguration ceremony, Industry State Minister Dr. Alemu Sime said that the industry and service sectors make significant contribution to the country's economic development.Although the country's development has shown commendable achievements,.... Read more »

Posted on : Wednesday , 18th November 2015

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