The Tanzania Investment Centre (TIC), has quite recently delivered its Month to month Speculation Factsheet-May 2023 which demonstrates that a sum of 52 venture projects worth USD 327.63 million were supported and enlisted in May 2023. These activities are supposed to create 6,279 new positions. Of the 52 venture projects, 21 were in assembling, 17 in transport, 10 in the travel industry, 3 in agribusiness, 2 in business building,.... Read more »

Posted on : Tuesday , 4th July 2023

The 39th meeting of United Nations Industrial Development Organization (UNIDO) and Financial plan Board in Viena, Australia, Head Secretary in the State Division for Industry Dr. Juma Mukhwana who drove the Kenyan designation, unveiled that in 2022, in excess of 250 ventures, with a complete worth of US$63.3 million, barring between provincial and worldwide portfolios, were under execution in Africa, under the more extensive system of IDDA III,.... Read more »

Posted on : Friday , 19th May 2023

Kenya as of late said ranchers will get free synthetic compounds and preparing to guarantee most extreme yield and the public authority is supposed to give an adequate number of unrefined components to the material business. The state division for industrialization, the service of agribusiness and the Crack Valley Material East Africa Ltd (RIVATEX) will team up on the venture. The step is supposed to support the home-grown cotton.... Read more »

Posted on : Friday , 19th May 2023

The William Ruto organization has set an objective for the assembling area's commitment to the GDP — a proportion of public financial result — to significantly increase from 7.2 percent in 2021 to 20 percent in 2030. The drive named Kenya Assembling 20by30 targets expanding "on valuable open doors accessible to spike neighborhood industry's development". Kenya Relationship of Producers (KAM) CEO Antony Mwangi addressed the Business.... Read more »

Posted on : Wednesday , 26th April 2023

By 2030, the manufacturing sector is anticipated to drive GDP growth. The growth domestic product (GDP) of Kenya is expected to increase by 15% by 2027 and 20% by 2030 as a result of the manufacturing sector. According to the finance ministry, the nation's economy will rise by 5.3% in 2022 and 6.3% in 2023.The Ministry of Investments, Trade, and Industry is taking the necessary steps to improve the goal's achievement in order to accomplish.... Read more »

Posted on : Wednesday , 26th April 2023

The Permanent Secretary in the Ministry of Finance, Planning and Economic Development, Mr Ramathan Ggoobi, has met with Kenya’s Cabinet Secretary for Investments, Trade and Industry, Mr Moses Kuria, to discuss and facilitate regional co-investment opportunities in strategic sectors. In the meeting held in Nairobi, Kenya, on 28th March, the 2 focused on mutual economic and investment objectives by their countries to strengthen bilateral.... Read more »

Posted on : Thursday , 30th March 2023

In February at the Joint Economic and Trade Commission meeting in Addis Ababa, Ethiopia and China signed a MoU to strengthen economic and trade connections in vital sectors. Dr Sheng Lu, associate professor in the Department of Fashion and Apparel Studies at the University Delaware tells Just Style exclusively: “The latest MOU could further build up the close tie between Ethiopia and China in the textile and apparel sector. Notably, as a.... Read more »

Posted on : Thursday , 30th March 2023

Going by the National Bureau of Statistics (NBS), with 100,371 arrivals last year, France brought in the second highest number of arrivals from outside the African continent, after the US, whose figures stood at 100,600. The Basa, meant to attract more tourists, was signed by the Works and Transport minister, Prof Makame Mbarawa, on behalf of Tanzania and France’s minister for Foreign Trade and Economic Attraction, Mr Olivier.... Read more »

Posted on : Monday , 27th February 2023

Two more United Arab Emirates companies have made in-roads into Tanzania, following President Samia Suluhu’s trip to the Gulf country last year to seek business. On 6th February, the Tanzania Forest Services Agency (TFS) and UAE-based Blue Carbon LCC announced a joint environmental conservation programme to promote sustainable forest management practices while reducing greenhouse gas emissions. It came after state-owned Emirates.... Read more »

Posted on : Monday , 27th February 2023

Kenya could soon start exporting its goods outside the East African Community (EAC) market with the implementation of a tripartite agreement that is expected to be implemented in March this year. The free trade pact that brings together 3 regional business blocs the Common Market for Eastern and Southern Africa (Comesa), EAC and South African Development Community, was mooted seven years ago. However, it stalled after it did not meet.... Read more »

Posted on : Thursday , 26th January 2023

Business persons from Kenya and the Democratic Republic of Congo (DRC) recently met to discuss trade opportunities under the theme ‘unlocking trade opportunities in East Africa and the Region’. The meet was organized by the Kenya National Chamber of Commerce and Industry (KNCCI) in collaboration with the East Africa Chamber of Commerce and Industry (EACCIA), the Embassy of Kenya in the DRC, and the Federation of Congolese Enterprises.... Read more »

Posted on : Thursday , 26th January 2023

Ghana will continue to build up its economic corporation with Kenya by harnessing the potential of intra-Af¬rican trade, the Deputy Minister for Tourism, Arts and Culture, Mr Mark Okraku Mantey has said. “The African Continental Free Trade Area AfCFTA headquartered in Accra, provides yet another incen¬tive to build up economic corpo¬ration, explore trade and investments opportunities, and contribute to Africa’s accelerated.... Read more »

Posted on : Friday , 23rd December 2022