N e w s

Tanzania: Govt Asks LAPF to Invest in Industries to Boost Growth

The government has called on the Local Authorities Pension Funds (LAPF) to embark on investment activities with huge impact on creating more jobs and contributing to economic growth.   The Minister of State in the President's Office, (Regional Administration and Local Governments), Mr George Simbachawene, made the call after inaugurating the new LAPF board of directors in Arusha at the weekend.   "It is high time that LAPF.... Read more »

Posted on : Tuesday , 7th February 2017

Expogroup Wins Big at the Tanzania Leadership Awards 2016

  On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees.   Expogroup, a pioneer in the trade show.... Read more »

Posted on : Friday , 3rd February 2017

Tanzania: Appoint Experts to Small Industries to Boost Production - Factory Owner

Moshi — The government has been requested to send experts to small-scale industries to improve increased production to boost the country's industrialisation process.   The call was made by the Managing Director of the Moshi-based JayJey Industry, Humphrey Mosha. He said highly skilled experts are needed to enable industries increase production. "We have many experts in our universities and ministries who can help in.... Read more »

Posted on : Wednesday , 1st February 2017

Turkey, Tanzania Look to Increase Trade Volume to U.S.$1 Billion

Tanzania and Turkey yesterday inked ten Memorandums of Understanding (MoUs) to substantially increase trade volume among themselves to at least one billion US dollars (over 2tri/-) in the next few years.   Expectations were especially high at the afternoon Tanzania-Turkey Trade Forum at the Bank of Tanzania (BoT) conference centre, after President John Magufuli had earlier hosted his Turkish counterpart Recep Tayyip Erdoğan at State.... Read more »

Posted on : Wednesday , 25th January 2017

Tanzania: 50 Foreign Firm Executives Arrive to Discuss Investment, Trade

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

Africa: China Always Regards Africa As Priority - Chinese Foreign Minister

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

Tanzania: Over 1000 Industries Setup Since Magufuli Came to Power

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

Tanzania: Govt Plans Industrial Development Bank to Boost Investment

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

Major Vessels to the Port of Mombasa in 2017

 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

High Speed Steel (HSS) Metal Cutting Tools Market: Set to Grow Exponentially

 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 green approach: UNIDO chief

 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 - THE NEXT GROWTH MARKET

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



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