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East Africa entrepreneurship conference to focus on agribusiness

Published on September 06, 2017
As East Africa strives to increase intra-regional trade, the East Africa Business Council (EABC) has said it will put emphasis on agribusiness development during its two day forum in Dar es Salaam Tanzania this month.The council’s chief executive, Lilian Awinja said Agro-processing, including food, beverages and tobacco, together with apparel and leather sectors contribute almost 40 % of the region’s manufactured exports, and should therefore be give attention.She said the region needs to boost the agriculture values chain and the transformation of agro raw materials into sustainable and highly marketable commodities which are competitive at regional and international markets. Read more. Source | New Vision
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Dry port master plan to ease transit cargo handling

Published on September 06, 2017
As competition among ports in Eastern and Southern Africa stiffens, the Tanzania Ports Authority (TPA) has decided to come up with a Master Plan for establishment of dry ports in strategic regions, to ease clearance and shipment of transit cargo to neighbouring countries. This was revealed by TPA Director General, Engineer Deusdedit Kakoko at Ruvu-Vigwaza area in the Coast Region over the weekend, where he accompanied Minister for Works, Transport and Communications, Prof Makame Mbarawa to Kwala area to inspect an ongoing construction of a dry port. In his details, Engineer Kakoko said for years now TPA has been operating its dry ports, including constructing new ones but without a Master Plan - a dynamic, short and long-term planning document that provides a conceptual layout to guide future growth and development. Read more. Source | Daily News
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Rwanda-Tanzania private sector in fresh effort to boost bilateral trade

Published on August 29, 2017
Rwandan and Tanzanian private sector bodies on Monday reiterated their commitment to collaborate in advocating for elimination of Non-Tariff Barriers (NTBs) between the two countries. Restrictions that result from prohibitions, conditions, or specific market requirements that make importation or exportation of products difficult and or costly continue to trouble business people from both countries and, this was high on agenda of a one-day peer to peer meeting held in Kigali. “Unlike politicians, business people don’t have term limits or constituencies. All that is important is a good doing business environment; and that is what we all desire. We must continuously collaborate, or regularly share views on how best we can collaborate to further make things better,” Stephen Ruzibiza, the PSF chief executive, said. Read more. Source | New Times
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Tanzania to host 2nd East African Business & Entrepreneurship Conference

Published on August 16, 2017
Tanzania is set to host the second edition of the East African Business and Entrepreneurship Conference and Exhibition in September 2017. The second edition is themed Accelerating Industrialization, Innovation and Investment in the EAC” will again demonstrate the importance of investments and discuss on trade opportunities in the region. The edition is building on the success of the first edition that happened in 2016 which saw over 300 attendees. Read more. Source | The Exchange
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Manufacturing boom eases unemployment crisis

Published on August 09, 2017
Tanzania is making tremendous success in creating employment for its rapid growing working force thanks to the expanding manufacturing sector that has so far helped the nation to surpass job creation targets. With contribution of the manufacturing sector to the overall GDP of the country averaging 8 per cent over the last decade, the sector is currently the third most important to the Tanzania economy behind agriculture and tourism. It is currently leading in job creation in the formal sector and it is set to increase its share of employment with the current industrialization drive. According to the National Bureau of Statistics (NBS) ‘Formal Sector Employment and Earnings Survey (EES), the sector has the highest proportion of the total employees in the formal sector which increased from 1,858,969 in 2013 to 2,141,351 in 2014. Read more. Source | Daily News
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Lobbies want trade barriers removed

Published on August 08, 2017
Kenyan and Tanzanian businesses are calling for the elimination of various non-tariff barriers that slow down trade between the two countries. A consultative meeting held in Dar es Salaam last week between the Tanzania Private Sector Federation (TPSF) and the Kenya Private Sector Alliance (KEPSA) noted that Kenyan exporters of cement, edible oils, cigarettes and other products still encounter restrictions on entry into Tanzania while Tanzanian dairy traders are finding it difficult to export to Kenya. “There is a need to facilitate administrative processes on the movement of goods, including clearance at border points,” the trade lobbies said in a joint communiqué after the meeting on Thursday. Read more. Source | The East African
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Dar trade expo to attract 120 exhibitors

Published on August 02, 2017
At least 120 exhibitors are expected in Tanzania this month to attend the Dar Construction Trade expo 2017, alongside the Furniture Expo 2017, being hosted by Mikono Speakers. The 55th events will also attract at least 9,600 visitors and 1,324 professional visitors, according to the organisers. Mikono Speakers International Chief executive officer, Mr Deogratius Kilawe, said in a statement that the exhibitions will be accompanied with the East Africa Smart building Summit, scheduled to begin with the 6th Executive Breakfast Meeting themed “The Emerging of Smart Cities in East Africa, Challenges and Opportunities.” Read more. Source | The Citizen
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Kenya, Tanzania remove trade restrictions

Published on July 24, 2017
Tanzania and Kenya have held successful talks that will see the lifting of restrictions on imports from either country. The Minister of Foreign Affairs and East African Cooperation, Dr Augustine Mahiga, announced the decision in Nairobi yesterday following discussions between President John Magufuli and his Kenyan counterpart, Mr Uhuru Kenyatta. As a result, Kenya will lift the ban on wheat flour and gas imports from Tanzania, which, in turn, will remove restrictions on milk and cigarettes from Kenya. Read more. Source | The Citizen
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