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Tanzania

The Hub's accomplishments in Tanzania to Date:  

  • To date the Hub has supported 53 firms and associations to increase their export competitiveness;
  • Fifteen (15) firms have been supported to participate in various trade shows resulting in 86 business linkages;
  • Hub facilitated AGOA exports as at June 30 2017 stood at $239,600;
  • Exports to other market destinations as a result of Hub support are $53,600;
  • Due to the expanding export opportunities, 28 new full time equivalent (FTE) jobs have been created, 64% of which are for women;
  • Supported development of Tanzania National AGOA Strategy;
  • Supported successful implementation of ePing electronic alert system;
  • Supported the adoption of Technical Barriers to Trade (TBT) and Sanitary and Phytosanitary measures (SPS) notification submission system;
  • Supported use of ISOlutions which allows Tanzania to effectively participate in international standardization processes.

Related Blogs and Resources

Feed the Future helps smallholder farmers in Tanzania access water

Published on April 10, 2015
Consistent access to water can make all the difference in the livelihoods of smallholder farmers. Investments to improve water access technologies and infrastructure in Tanzania have opened the door to year-round crop production, resulting in a big payoff for smallholder farmers. A U.S. Agency for International Development program under the Feed the Future initiative works with teams of skilled young men to install shallow wells that ensure farmers have reliable water sources. The teams use low-cost hand drilling techniques that require limited materials and construction time. Costs are shared between the program and farmers, with the program providing technical expertise and other specialized services, while farmers provide additional labor and materials. Farmers then make subsequent investments in pumps and irrigation systems. Read more . Source | Feed the Future
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Tanzania sets up arbitration centre to boost investment appeal

Published on March 31, 2015
Tanzania is in the final stages of setting up an International Arbitration Centre that aims to hasten settlement of commercial disputes and promote foreign investments. The Tanzania Private Sector Foundation (TPSF) executive secretary, Godfrey Simbeye, said all technicalities have been completed and they were awaiting to launch the centre in July this year to start its operations. "Our country has contracted major foreign investments and usually such investments encounter disputes which if taken to court take up to 10 years to reach a verdict thereby discouraging investors from investing in our country and the region as a whole," he said. In line with this, Dar es Salaam will be hosting the third East African International Arbitration Conference (EAIAC) early April this year, that is expected to highlight the importance of international arbitration as a tool for promoting foreign investment in the region with a focus on Tanzania. Read more. Source | The East African
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Tanzania ready for East Africa Single Customs Territory

Published on March 23, 2015
Tanzania is going for full fledged Single Customs Territory (SCT) in the next financial year, thanks to the successful and efficient piloting of the system since July 2014. The system seeks to facilitate increased trade in the region, reduce cost of doing business as well as eliminate dumping of goods in countries of transit to protect industries and jobs. Read more. Source | All Africa
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Tanzania dreams of megaport

Published on March 18, 2015
The government of Tanzania is planning to invest $11bn into development of a new port in Bagamayo, aiming to make it east Africa’s biggest port and an engine of economic growth. Read more. Source |Engineering and Technology Magazine (E&T)
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Mpesa takes on cross-border approach to financial transactions.

Published on March 11, 2015
Customers of Kenya’s leading telecommunication firm, Safaricom will now be able to transact money to and from Tanzania. In a move focused at deepening financial inclusion in the two countries, Safaricom’s 12.8 million active users will be able to send and receive money through Tanzania’s mobile service operator, Vodacom. Read more. Source | CNBC Africa
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Exports are on the Rise in Tanzania

Published on February 25, 2015
The value of Tanzania’s exports has risen up from about $8.46 billion recorded in December 2013 to $8.81 billion for the year ended December 2014 due to a good performance in exports of manufactured goods and travel receipts. The monthly economic review of the Bank of Tanzania (BoT) suggests that a significant increase of 33.8 percent was recorded in the export value of goods such as edible oil, textile apparels, plastic goods, fertilizers and paper products. Consequently, the collective value of these goods rose to $1.43 billion. Read more. Source|Ventures Africa
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Agriculture investment in Africa: Top countries to focus on

Published on February 23, 2015
Africa’s agriculture sector struggles to access financing and attract investment. Micro finance organizations remain active in the space. But private equity firms and banks are still slowly coming around to the potential of the agriculture space. Read more. Source|Ventures Africa
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AfDB approves $145m loan for Kenya-Tanzania power line

Published on February 20, 2015
The African Development Bank (AfDB) has approved a $145 million loan to fund the building of an electricity line between Kenya and Tanzania to improve regional power connections, it said. East Africa has some of the fastest growing economies on the continent but electricity shortages deter investment, pushing up business costs and sustaining poverty and inequality. Read more. Source|The East African  
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