Japan’s Kansai Paint has agreed to buy three east African paint companies to tap into one of the world’s fastest-growing regions as part of its global expansion.   The company’s South African subsidiary Kansai Plascon Africa is to acquire Sadolin Kenya, Sadolin Uganda and Sadolin Tanzania, although it would not reveal how much the deal would be worth. But people with knowledge of the purchases said it was the.... Read more »

Posted on : Wednesday , 19th July 2017

Thousands of global and local buyers and sellers will gather in Tanzania to meet Industrial experts at the 19th IndusMach Tanzania 2017, which opens at The Mlimani Conference Center this August. More than 105 exhibitors will present their latest products and production capabilities to buyers from Europe, the United States, Asia and the Middle East at Africa’s Mega Industrial Tools, Equipment and Machinery trade exhibition. The event,.... Read more »

Posted on : Tuesday , 13th June 2017

As the fifth phase government's industrialization drive rolls on, the government is now lobbying the media fraternity across the country to carry it as a national agenda.   The Minister for Information, Culture, Arts and Sports, Mr Nape Nnauye, yesterday asked senior writers, editors and owners of various media outlets to explore possibilities of establishing special desks in their newsrooms that would exclusively address and publish.... Read more »

Posted on : Thursday , 9th March 2017

Dar es Salaam — Tanzania expects nearly 1,000 Chinese extra-large investors promising to invest in a special economic zone including textile, manufacturing, fishing, mining and agriculture across the board following mutual bilateral relations between the two countries.   "Massive investments will come from large scale Chinese investors eyeing to invest in those sectors to boost the country's financial income through Direct.... Read more »

Posted on : Wednesday , 8th February 2017

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

  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

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

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

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

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

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

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