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One-stop border posts praised for making EAC a leading trading bloc in Africa

Published on January 11, 2017
The introduction of one-stop border posts has been hailed for improving trade among East African Community (EAC) member countries. The border posts have also made EAC a major economic bloc in Africa, according East African Legislative Assembly (EALA) member and Kenya chapter secretary Judith Pareno. Ms Pareno made the remarks during an EALA sensitisation forum in Isiolo on Tuesday. She lauded the assembly for removing trade barriers at border points, saying the changes had resulted in faster and more efficient movement of people and goods. Read more. Source |Daily Nation
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Postharvest losses still major challenge in East Africa

Published on January 09, 2017
Small holder farmers can reduce post-harvest losses and improve income by adopting better storage management practices and technologies. According to Food and Agriculture Organisations (FAO) about one third of the food produced globally is lost or wasted representing a loss of 1.3 billion tonnes of food per year. In Tanzania, results from different research studies demonstrate that farmers lose up to 40 per cent of the harvest through post-harvest losses. It is from this backdrop that the Inter Region Economic Network (IREN) moved up to organise Post-harvest technology congress next year to address and reduce the level of loss that account for more than 30 per cent of the food produced for human consumption. IREN’s Chief Executive Officer Mr James Shikwati said, This competition will enable us to identify a range of technologies that have the potential to help the continent confront and counter the huge challenges in postharvest management. IREN is coordinating the congress in partnership with the USAID East Africa Trade and Investment Hub and Syngenta. Read more. Source | Daily News  
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Campaign to boost fertiliser use begins

Published on January 09, 2017
Yara Tanzania has launched a campaign ‘YaraMila cereal raffle draw’ that will see farmers increase use of fertilizers so as to boost agriculture production and maintain soil fertility. The campaign, which was launched recently in Mbeya Region is set to take place in 11 villages such as Igawa, Ubaruku, Mbarali estate, Kapunga, Rujewa, Madibira, Mapogoro, Chimala, Nyelegete, Mkunywa and Mahango of Mbeya and Iringa regions”. Launching the campaign, Mbarali Estate Deputy Director, Ms Tyatawelu Mongo said Yara has been playing a big role in educating farmers on the proper farming methodologies especially on the application of fertilizers. “I must admit, this is a unique way of sharing knowledge with farmers. Read more. Source | Daily News
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SMEs challenged on quality product production

Published on December 21, 2016
Small and medium enterprises (SMEs) are the soul of Tanzania’s planned industrial revolution, thus must produce quality products. This was said by the Minster for Industry, Trade and Investment, Mr Charles Mwijage in Dar es Salaam yesterday while opening Mikono Fair Trade Shop in Keko area. “Name any industrial country in the world; the rock bed and biggest contributor to that country’s industrial revolution were the SMEs. Tanzania will pass through the same historical path,” he said. He said he was satisfied with the quality products produced by SMEs, adding that quality will guarantee them local and foreign markets. He thanked producers who are keen on quality, pledging government’s full support and coo-operation in looking for local and foreign markets for their products. Read more. Source | Daily News
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Govt outlines plans to make TZ the best investment destination

Published on December 20, 2016
Industry, Trade and Investments minister Charles Mwijage has said it was high time Tanzania highlighted its investment opportunities before the international stage in a bid to enhance its business climate. Mr Mwijage said he has drawn an inspiration from the current branding of Africa as “the next investment destination.’’ Speaking at the signing of a Memorandum of Understanding (MoU) between the Tanzania Investment Centre (TIC) and the Oxford Business Group (OBG), the minister said Tanzania was now better positioned in terms of investments. Read more. Source | The Citizen
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Ugandan traders ask Tanzania to harmonise cargo transit fees

Published on December 15, 2016
The private sector in East Africa has asked Tanzania to harmonise the preferential treatments it offers to transit goods as a way of encouraging use of the central corridor . While Rwandan trucks transiting through the central corridor (Dar es Salaam Port) each pay $150 (Shs535,000); other East African member states such as Uganda are charged $500 (Shs1.7 million) per truck for goods in transit. Mr Kassim Omar, the chairman Uganda Clearing Industry and Forwarding Association, who is also East Africa Business Council (EABC) vice chair for Uganda, said: “Indeed, the Dar es Salaam Port has improved. But they need to harmonise the transit fees to make doing business in the region less costly.” Read more. Source | Daily Monitor
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Banks to inject Sh1.5trn into financing agriculture

Published on December 05, 2016
The government is discussing with three commercial banks with a view to seeing how they can extend support to post harvest infrastructure for improved value chain in agriculture. The minister for Agriculture, Livestock and Fisheries Development, Dr Charles Tizeba, said here yesterday that the government was discussing with the National Microfinance Bank (NMB), the CRDB Bank and the Commercial Bank of Africa (CBA). “Under the discussions, NMB has agreed to disburse Sh500 billion while CRDB will provide $460 million (about Sh994 billion) in support of post-harvest value chain addition and other areas in agriculture. CBA will also support the initiative,” he said. Read more. Source | The Citizen
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Market that offers right platform for SMEs

Published on November 29, 2016
Since its launch in 2013, the Enterprise Growth Market (EGM) segment of the Dar es Salaam Stock Exchange (DSE) has attracted some companies that previously could not plan or strategise to access public money via selling of shares. Admittedly, though, the EGM — since its inception has been struggling with the perception challenges: illiquidity, operational underperformance by EGM listed companies, investors expectations and for some, minimal capacity by these SMEs to pursue clear business models, have led to enduring challenges. However, for the market that has just cerebrated its third anniversary — with five listing already, attracting 250,000 new investors, capital raising of Sh50 billion, and current market capitalisation of Sh121 billion — there is hope for wide acceptance of the platform by the business community in the days ahead. Read more. Source | The Citizen
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