As the temperature to industrialise in the country heats up, social security funds are seeing themselves in a position to invest in development of industries as their risks have been mitigated by existing guidelines.   The Social Security Regulatory Authority (SSRA) Director General, Ms Irene Isaka, said in a statement that with the existing investment guidelines, investments in the industries can be in the form of loans, equities,.... Read more »

Posted on : Tuesday , 7th June 2016

President John Magufuli wants the manufacturing sector to control a lion's share of workable population and contribution to the economy in the next four years.   He said in Dar es Salaam yesterday that his government is rallying behind the manufacturing sector and want its share of employment to the society to reach 40 per cent from current 7.3 per cent - while its contribution to GDP reaching 15 per cent by 2020.   "We (at.... Read more »

Posted on : Thursday , 2nd June 2016

PRIME Minister Kassim Majaliwa has said the government is committed to develop industrial sector as a strategy to boost growth and propel Tanzania to join the league of middle income countries.   The Premier told the Oman Minister for Commerce, Dr Ali Masoud Al Sunaidy in Dar es Salaam yesterday that the government was keen to attract private investments to promote industrialization, export and growth in line with the development agenda.... Read more »

Posted on : Saturday , 16th April 2016

The African Export-Import Bank (Afreximbank) is to implement a new strategy aimed at driving industrialisation across Africa and increasing intra-African trade by, at least, 50 per cent in the next five years.   The Afreximbank Intra-African Trade Strategy, approved by the Board of Directors at its quarterly meeting in Johannesburg on Saturday, will see the Bank work with partners to ramp up trade among African countries to $250 billion.... Read more »

Posted on : Wednesday , 13th April 2016

Dar es Salaam — The formation of a Public-Private Partnership (PPP) Centre is awaiting President John Magufuli's approval.   The facility is expected to increase the pace of attracting investments for rapid industrialisation.   A draft on the formation of the institution has been submitted to the President's Office (Public Service Management).   The assistant director of investments in the Prime Minister's Office, Mr.... Read more »

Posted on : Saturday , 9th April 2016

Vietnamese President Truong Tan Sang arrived in Dar es Salaam on Tuesday. He is visiting Tanzania to further cement ties between the two countries. The reciprocal visit follows former President Jakaya Kikwete's tour of the Southeast Asia nation in October 2014.   Our Staff Writer Chaby Barasa who covered Mr Kikwete's two-day tour in Hanoi, reports... When Mr Truong meets his Tanzanian counterpart Dr John Magufuli (Mr Kikwete's successor).... Read more »

Posted on : Thursday , 10th March 2016

The Kenyan government's approval of the development of a Special Economic Zone (SEZ) in Dongo Kundu, Mombasa, expected to boost job creation and regional trade, has been welcomed by business people.   The Dongo Kundu bypass, which is part of a three-phase plan to decongest the port city of Mombasa, is set for completion in 2018.   Eng. Jean-Baptiste Gasangwa, the Private Sector Federation (PSF) resident representative in Mombasa,.... Read more »

Posted on : Thursday , 25th February 2016

Kenyan President Uhuru Ken-yatta said Sunday the sixth Tokyo International Conference on African Development, which Japan cosponsors with the United Nations and the African Union, will be held in Nairobi on Aug. 27 and 28.   Kenyatta made the announcement at a joint news conference with Katsuyuki Kawai, a special adviser to Prime Minister Shinzo Abe, in the Ethiopian capital of Addis Ababa.   TICAD has been held in Japan every five.... Read more »

Posted on : Wednesday , 24th February 2016

 BIA, a Belgium-based company, is now the official distributor of a select range of Cummins’ products in Congo, DR Congo, Cameroon, Central African Republic, Chad, Togo, Benin, Burkina Faso and Côte d’Ivoire QSK95The Cummins QSK95 Series generator has a high-horsepower engine (from 3500 to 4375 kVA)  This is especially noteworthy, considering the limited levels of industrialisation towards the western parts of.... Read more »

Posted on : Monday , 8th February 2016

 The African Union's Commissioner for Trade and Industry Fatima Acyl has called for structural transformation to create jobs that will improve the wellbeing of the African people.   Ms Acyl, who was speaking at a meeting in Addis last week, before the African Union summit, said the backbone of the AU's industrial transformation plan is the African Mining Vision, and the creation of a Continental Free Trade Area.   The mining.... Read more »

Posted on : Friday , 5th February 2016

 Africa is set to become the second fastest growing continent by 2025, with GDP set to touch US$4.5 trillion joburgdevelopment paulsaad flickrRapid urbanisation could lead to several Africans living and working in large cities.  A Frost and Sullivan report, in the form of a video titled Mega Trends in Africa, states that urbanisation, mobility, infrastructure, natural resources, telecom and inter-regional trade could make Africa the.... Read more »

Posted on : Friday , 5th February 2016

The word ‘economy’ has connotations of big business, office-based industry and online-based markets Kenya John WollwerthMobile technology is important in Kenya with 82 per cent of the population owning a mobile phone. Economies like the US and the UK are largely based on retail and the service sector, providing a strong flow of GDP and adding to growth. For Kenya, farming and agriculture come to mind, contributing as of the.... Read more »

Posted on : Monday , 1st February 2016