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Women traders to benefit from TMEA aid

Published on November 16, 2016
Tanzania, will benefit from a 12bn/- support (5.3 million US dollars) from TradeMark East Africa (TMEA) to empower women entrepreneurs to access the East African Community and international markets. The commitment was made by the TradeMark East Africa, Country Director, Mr John Ulanga during a Validation Workshop for a Baseline Survey that was conducted to ascertain status of Tanzania women traders export to EAC region at Dar es Salaam over the week end. Tanzania Women Chamber of Commerce (TWCCIA) will get 500m/-out of the funds to support them run their activities, he said. Read more. Source | Daily News
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Great boost to dairy farming as artificial insermination technology launched

Published on November 11, 2016
Two American firms yesterday launched an artificial insemination (AI shield) technology that aims at revolutionising livestock breeding. The technology by The Worthington Industries and Global Good specifically targets smallholder dairy farmers, who fail to handle semen properly. AI shield is a simple and proprietary cold chain solution that protects frozen bull semen from adverse temperature fluctuations, resulting in an increased likelihood of AI fertilisation success. The Worthington Industries and Global Good is designed the technology to reduce the fertilisation failure in AI service delivery by lessening the spread of venereal diseases in livestock keeping. Read more. Source | The Citizen
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Tanzania Investment Forum to be held this November

Published on November 10, 2016
The Tanzania Investment Forum 2016 is set to be held at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam on November 16th, 2016. The Forum is part of a series of worldwide events led by CountryFactor, a global investment consulting company. The event will gather a group of diverse experts and influential speakers to discuss and connect around opportunities in Tanzania in priority areas of investment. Read more. Source |The Exchange
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Govt establishes special desk to cater for investors

Published on October 07, 2016
The Ministry of Industries, Trade and Investment has established a special desk where investors and businesspeople have direct communication in the quest to explore investment opportunities. Industry, Trade and Investment Minister Charles Mwijage revealed this yesterday at Mwandege area during an official inauguration of the new Bakhresa Food Products Limited, a new company. “I am a receptionist for all investors and businesspeople, therefore investors should not hesitate to come to my office,’’ he told the gathering led by President John Magufuli. According to the minister, as per June 2016, 64 business licences were issued by his ministry. Read more. Source | Daily News
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Improving data reporting for food security through enhanced trade

Published on October 06, 2016
One of the key constraints to regional trade in agricultural commodities and policy development is a lack of reliable data on food production, consumption and trade flows. In the absence of valid data, policy makers are often at a loss on how to develop sound policy interventions to support food security through trade. The private sector is also disadvantaged by not having an accurate indication of supply and demand data. To solve this, the Hub has embarked on an effort to bring together relevant East African Community (EAC) Partner State ministries to harmonize, and publish on a regular basis, production estimates of key staple foods - maize, dry beans, rice and sorghum - for the 2016/2017 season. The Hub held the first of these meetings this week at its Nairobi headquarters with participation from Kenya, Uganda and Tanzania.
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Relief as Dar shipping lines waive container deposit fees

Published on September 21, 2016
Local clearing agents have welcomed the decision by shipping lines at Dar es Salaam port to waive container deposit fees. Maersk and Safmarine shipping lines recently agreed to give a waiver on container cash deposit to members of the Rwanda Freight Forwarders Association to reduce the cost of doing business. The scheme will first be rolled out as a pilot phase before it can be fully adopted. Read more. Source | New Times
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Ministry, TanTrade plans capacity building for leather manufacturers

Published on September 15, 2016
High production cost and poor leather goods making equipment impede manufacturers from making high quality products. To rescue the situation, the Ministry of Industry, Trade and Investment in collaboration with the Tanzania Trade and Development Authority (TanTrade) plan to intervene by empowering them financially and imparting basic skills.  TanTrade Acting Director General, Mr Edwin Rutageruka said that the interventions aim to transform entrepreneurs businesses into small scale industries. Mr Rutageruka made the remarks during his visits to some 35 small scale entrepreneurs on leather products in Manzese, Dar es Salaam yesterday. “Apart from costs and facilities also lack of reliable markets hampers entrepreneurs’ growth,” he said. Read more. Source | Daily News
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Uganda, Rwanda, Tanzania target private investments worth $10b

Published on September 14, 2016
East African countries want private investors to take up projects worth about $10 billion to fast-track economic development and lift millions out of poverty. Uganda, Tanzania and Rwanda unveiled projects worth $9.9 billion at a recent Global African Investment Summit held in Kigali. Analysts believe the three countries are capable of attracting investors because East Africa still presents opportunities for businesses looking for quick returns on investments. Read more. Source | East African
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