South Africa plans to prioritize its economic relationship with Kenya to boost trade and investment, Trade, Industry and Competition Minister Ebrahim Patel said. Trade between the 2 countries last year was only R6.5 billion, which was “not sufficient,” Patel said at a business forum in the Kenyan capital, Nairobi, on 2nd November. He spoke after South African President Cyril Ramaphosa and his Kenyan counterpart, William Ruto, held.... Read more »

Posted on : Monday , 21st November 2022

Efforts are underway to transfer the ownership or management of industrial parks across Ethiopia, authorities confirmed. It is a policy departure from the past, whereby the initial plan was to keep industrial parks under the ownership of the government at the time when the parks were constructed. The privatization will be overseen by the Macro Economic Committee, formed by the Prime Minister and the Ministry of Finance, along with the.... Read more »

Posted on : Monday , 21st November 2022

Tanzania and Qatar have signed a MoU to end double taxation and strengthen trade and investment ties with the United Arab Emirates (UAE). A media statement issued by the State House says the objective of the MoU is to 'enhance trade and investment cooperation and partnership between business communities from Tanzania and Qatar.' To strengthen trade and investment among the countries, the statement specifies several areas of priority,.... Read more »

Posted on : Wednesday , 12th October 2022

An official tour to Turkey and Dubai was made by a delegation that included representatives from several institutions and was led by the Deputy CEO of Ethiopia’s Industrial Park Development Corporation (IPDC), Addisu Mamo, and the Head of Transformation and CEO, Fitsum Ketema, according to the information from IPDC. “The teams hosted investment promotion seminars in the UAE and Turkey’s Istanbul Free Trade Zone (DESBAS) to discuss.... Read more »

Posted on : Wednesday , 12th October 2022

Kenya is looking to become a manufacturing hub for American companies that are to relocate or diversify out of China, the Business Daily newspaper reported. Kenya has long sought a free trade agreement with the US. Initial discussions started in August 2018 and in July 2020, the 2 countries formally launched negotiations for a free trade agreement. Industrialisation and Trade Cabinet Secretary Betty Maina said Nairobi will be.... Read more »

Posted on : Friday , 23rd September 2022

Kenyan capital, Nairobi has been ranked 5th in terms of the number of dollar millionaires in Africa in a report by research firm New World Wealth and Henley & Partners. The latest Henley Global Citizens Report, which tracks private wealth migration trends worldwide, shows Nairobi has 5,000 high net worth individuals (HNWI) with at least dollar 1 million. The report shows South Africa’s business hub Johannesburg has 15,200 dollar.... Read more »

Posted on : Friday , 23rd September 2022

EEPC India as a part of INDEE Tanzania 2022 brings over 80 Indian companies presenting industrial and engineering products and machinery in Dar es Salaam. The event coincides with the 22nd Indusmach 2022 international trade exhibition which is showcasing engineering products, tool, hardware, machinery and equipment for the East African market. The trade show will be held from 22nd to 24th September, 2022 in Dar es Salaam, Tanzania, at the famed.... Read more »

Posted on : Tuesday , 13th September 2022

Aviareps, leading international representation, marketing and communications company for aviation, tourism, hospitality, and food & beverage brands, will open two new offices in Dar es Salaam, Tanzania, and Nairobi, Kenya in October 2022. The new owned offices will create a permanent Aviareps presence in Tanzania and Kenya to provide specialized GSA representation services as well as marketing and public relations support, tailored to.... Read more »

Posted on : Thursday , 25th August 2022

Dar es Salaam. Pakistan is planning to inject some $1 billion in Tanzania during the next 5 years as the Asian nation seeks to up its involvement in various sectors of the latter’s economy. The plan, which comes within 1 month after the launch of the Tanzania-Pakistan Business Council (TPBC), will benefit agriculture, water, mining, education, health, port, solar energy, climate change and solid waste management sectors, TPBC chairman.... Read more »

Posted on : Thursday , 25th August 2022

Tanzanian payment financial technology (fintech) firm Nala been on the upswing since it secured pre-seed funding from Accel in year 2019, with which it built a mobile money service for East Africa. Then last year it raised $10 million more and has now set its target higher in the lucrative remittance market. It is now eyeing a bigger piece of Kenya's Sh420 billion inflows, months after securing approval from the Central Bank of Kenya and.... Read more »

Posted on : Wednesday , 17th August 2022

International professional services firm Deloitte recently released the 2022 edition of its Africa CEO Survey that shares the perception of African private sector leaders on key issues and challenges, and documents and analyzes their approach to a series of fundamental aspects of their business model. The survey collects data and perceptions from 194 CEOs, operating in over 50 African countries, across all regions: North Africa (13%), East.... Read more »

Posted on : Thursday , 28th July 2022

AS trade relations between Tanzania and China continue to grow, the former is planning to open up another consulate in China's financial hub-Shanghai. Already, Tanzania has a consulate in Guangzhou, which is operating under the coordination of the Embassy situated in Beijing which is the administrative capital of China. This was revealed on 20th June 2022 by the Director General of African Affairs in the China Ministry of Foreign.... Read more »

Posted on : Friday , 1st July 2022