N e w s

Kenya Plans to Become Manufacturing Base For US Companies

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

Nairobi Ranked 5th in Africa’s Dollar Millionaires

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

Over 80 Indian companies to present industrial and engineering products and machinery in Dar es Salaam

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 Announces Opening of Two New Offices in Tanzania and Kenya

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

Pakistan to Invest Sh2.3 Trillion in Tanzania

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 Fintech Firm Eyes a Piece of Kenya's Sh420 Billion Remittance

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

Tanzania 8th among Top Investment Destinations in Africa, Survey Indicates

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

Tanzania, China Bolster Diplomatic Trade Ties

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

Tanzania Exports Up by 20% in YE March 2022, Tourist Arrivals Almost Doubled

The Bank of Tanzania (BOT) Monthly Economic Review-April 2022 reveals that the country’s exports of goods and services increased to USD 10,214.6 million during the year ending March 2022. This is +20.14 percent higher than US$ 8,502.1 million in a similar period in 2021. Improvement in exports was noted in both traditional and non-traditional exports in addition to travel receipts. Exports of goods rose by 7.8 percent to USD.... Read more »

Posted on : Friday , 1st July 2022

Tanzania Government Signs Natural Gas Deal with Shell and Equinor

The Government of Tanzania has signed a liquefied natural gas (LNG) framework agreement with energy giants Equinor and Shell, Reuters reported. The signing of the deal will expedite the start of the construction of a $30bn LNG export terminal. The deal is expected to pave the way for a final investment decision on the $30bn LNG export terminal by year 2025, the news agency quoted Tanzania’s Energy Minister January Makamba as.... Read more »

Posted on : Monday , 27th June 2022

US Looks beyond Delayed Free Trade Deal in Commercial Ties with Kenya

The US government is looking beyond a delayed trade deal with Kenya to expand commercial ties between the 2 countries. In a new report submitted to the US Congress by Joe Biden’s top trade diplomat Katherine Tai, the US government revealed it would pursue “other means” of deepening trade engagements with Kenya in the absence of a free trade agreement (FTA). “(We will) engage with Kenya to deepen bilateral trade, potentially.... Read more »

Posted on : Wednesday , 1st June 2022

Tanzania Exports Up by 20% in YE March 2022, Tourist Arrivals Almost Doubled

The Bank of Tanzania Monthly Economic Review-April 2022 reveals that the country’s exports of goods and services increased to US$ 10,214.6 million during the year ending March 2022.   This is +20.14% higher than US$ 8,502.1 million in a similar period in 2021. Improvement in exports was noted in both traditional and non-traditional exports in addition to travel receipts.   Exports of goods rose by 7.8% to US$ 6,882.2.... Read more »

Posted on : Monday , 30th May 2022



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