The Portfolio Committee on Trade and Industry held a successful two-day colloquium on Local Public Procurement.   The Committee looked at policy instruments advancing industrialisation with specific focus on localisation and designations as they relate to Local Public Procurement. Committee Chairperson, Ms Joanmariae Fubbs, emphasised that industrialisation is central to government's plan for radically transforming the South African.... Read more »

Posted on : Monday , 29th August 2016

 The maintenance arm of a South African electricity provider is better able to plan for ultrasonic testing of the steam turbine blades in its power plants.   Part of why people seem skeptical of the Industrial Internet of Things (IIoT), in my opinion, is that they expect it to be some sort of magic pill, and then they don’t think it can possibly live up to the hype. Well, if you expect it to be a magic pill, then it won’t.... Read more »

Posted on : Saturday , 27th August 2016

 For 100 years, TaeguTec has been in the business of supplying the best products to companies around the world. While times have changed the one that has not is the superior quality and service offered by TaeguTec to all the manufacturing facets in South Africa.   As the continent’s largest African investor, South Africa sends more than 25% of its manufactured products into the continent; that is why cutting tools need to be.... Read more »

Posted on : Friday , 26th August 2016

 An Ethiopian- Turkish deal that mulled creation of a salt manufacturing industry has come to fruition with the establishment of a $13.5 million plant covering 50,000 square meters at the Afar regional state in Northern Ethiopia.   Currently, the manufacturing company has the capacity to create more than 300 job opportunities. This figure will reach 8,000 when the company becomes operational at its full capacity.   The company.... Read more »

Posted on : Thursday , 25th August 2016

 Arusha — As Tanzania treads its path to industrialisation, social security funds have been urged to invest in industries.   The minister of State in the Prime Minister's Office (Policy, Parliament, Labour, Employment, Youth and the Disabled), Ms Jenista Mhagama, says industrialisation forms a fundamental linchpin to the fifth phase government's plans for the country's economic transformation   Ms Mhagama said this on.... Read more »

Posted on : Wednesday , 24th August 2016

A Japanese company has started talks with the Meru County government to establish an organic waste processing plant in the county.   Meiwa, a company that converts organic waste into charcoal through biomass carbonisation technology intends to set up in Meru before moving to other parts of the country.   Speaking when he met Meru Governor Peter Munya on Monday, Meiwa International manager Takeo Tokunari said the technology provides.... Read more »

Posted on : Wednesday , 24th August 2016

 India plays a crucial role for Tanzania to realize her industrialisation agenda as Indian companies boost investments in industries, cabinet ministers said on Tuesday.   Tanzania envisions becoming a middle income country by the year 2025 and the government wants the industrial sector - which currently contributes roughly eight per cent to the country's gross domestic product (GDP) - to put in 15 per cent to the economy by the year.... Read more »

Posted on : Thursday , 18th August 2016

Arusha — As Tanzania treads its path to industrialisation, social security funds have been urged to invest in industries.   The minister of State in the Prime Minister's Office (Policy, Parliament, Labour, Employment, Youth and the Disabled), Ms Jenista Mhagama, says industrialisation forms a fundamental linchpin to the fifth phase government's plans for the country's economic transformation   Ms Mhagama said this on Monday.... Read more »

Posted on : Thursday , 18th August 2016

Africa should prioritise trade and industrial sectors to address most of the prevailing challenges the continent faces, including the high rate of unemployment, to ensure sustainable development, Fatima Haram Acyl, the African Union (AU) commissioner for trade and industry, has said.   "While everyone should work to ensure peace, food security, and creating more jobs for the youth, I believe all these can happen if we invest in trade.... Read more »

Posted on : Monday , 18th July 2016

Zanzibar President Ali Mohamed Shein said yesterday that Tanzania was now ready for industrial transformation, thanks to positive trends in technological innovation and expertise spearheaded by VETA and SIDO.   The Isles president made the comments at the ongoing Dar es Salaam International Trade Fair (DITF) where he noted that new technologies showcased by Vocational Education and Training Authority and Small Industries Development.... Read more »

Posted on : Thursday , 7th July 2016

Tanzania has enough liquidity to facilitate industrialisation as manifested by recently Dar es Salaam Stock Exchange initial public offer which was oversubscribed by astonishing proportions.   The oversubscription was expected since day one, but not at the said magnitude of almost five times or 377 per cent to rake in 35.77bn/- while the exchange earmarked to raise 8.25bn/-.   The oversubscription has shown that the DSE can be used.... Read more »

Posted on : Wednesday , 22nd June 2016

Tanzania Private Sector Foundation (TPSF) signed a five year Partnership Action Plan (PAP) with Canadian Executive Services Organisation (CESO) for capacity building and creation of awareness to the Foundation and its members for better service delivery.   Speaking to reporters in Dar es Salaam, TPSF Executive Director, Mr Godfrey Simbeye, said that the technical support provided by CESO would be one of the resources envisaged to enhance.... Read more »

Posted on : Tuesday , 21st June 2016