The Confederation of Tanzania Industries (CTI) has commended government interventions on various taxes, charges and fees that burdened manufacturers in order to boost industrial productivity for strong economic growth. The CTI Board Chairman Dr Samuel Nyantahe said in Dar es Salaam yesterday that the government’s move will increase industrial production, improve business environment and enable the sector contribute meaningfully to economic growth, job creation and poverty reduction. Read more. Source | Daily News
Nairobi will next week play host to East Africa’s largest convention on Private Equity, providing a platform to unpack the opportunities in the region, while addressing common challenges and solutions in the market.
The fourth annual-Private Equity in East Africa Conference will bring together over 250 delegates from around the globe. The conference is being facilitated by the East Africa Private Equity and Venture Capital Association (EAVCA). Read more. Source | The Exchange
Despite recent softening, global economic growth will remain robust at 3.1 per cent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said on Tuesday.
“If it can be sustained, the robust economic growth that we have seen this year could help lift millions out of poverty, particularly in the fast-growing economies of South Asia,” World Bank Group President Jim Yong Kim said. Read more. Source | New Times
The government has explained how it attracts industrial investment including by ensuring peace and security in the country. Deputy Minister in the Prime Minister's Office Mr Anthony Mavunde told the National Assembly on Wednesday that the government has been removing some legal barriers by reviewing laws and policies governing investment. Read more. Source | The Citizen
Three budding Tanzanian women entrepreneurs have won funding to advance their businesses through the Gender Lens Investment Showcase, as the platform (Gender Lens Investing) continues to support women and girls make a real difference in their businesses.
The three emerged top at an event held by New Faces New Voices in collaboration with the United States Agency for International Development (USAID) East Africa Trade and Investment Hub (the Hub) in Dar es Salaam, Tanzania. Read more. Source | The Exchange
Rwanda Development Board was on Monday night feted as one of the eastern Africa’s best investment promotion agencies at an annual investment meeting conference in Dubai, United Arab Emirates.
The Annual Investment Meeting is a Foreign Direct Investment summit bringing together investors, multinationals, financiers and governments from across the world. Read more. Source | New Times
Kenya is on course to become the first African country to offer legal backing to the continental free-trade zone after a Bill endorsing the agreement for trading bloc was presented to Parliament for approval.
The National Assembly is expected to debate on the Bill for ratification of the African Continental Free Trade Area (AfCFTA) after it was tabled in the House by Industrialisation cabinet secretary Adan Mohamed. Read more. Source | The East African
Over 10 small-and-medium enterprises (SMEs) and other corporates are looking to list on the Rwanda Stock Exchange’s alternative market segment, officials said yesterday.
Speaking during the RSE Listings Forum 2018 roundtable, Pierre-Celestin Rwabukumba, Rwanda Stock Exchange (RSE) chief executive officer, said the 10 SMEs, drawn from different sectors of the economy, have already signed a memorandum of understanding with RSE, under which the two parties will draw a roadmap to enable them list on local bourse’s alternative market segment to raise investment capital. Read more. Source | New Times
SSC Capital, a leading Tanzanian financial management firm is scheduled to launch the first Angel Investors Network this coming MayThe launch (10 May) will be held in Dar es Salaam and will be attended by high profile business personnel as well as other professionals.
“The network will link promising and game changing startups with angel investors across Tanzania and beyond,” SSC Capital CEO Salum Awadh told The Exchange in an Exclusive Interview.Launch of the Angel Investors Network spells good fortune for Tanzania businesses and especially for startups and those seeking to expand. Read more. Source | The Exchange
Financial analysts have implored government to uphold terms stipulated in contracts signed during public private partnerships.
Speaking in Kampala at the weekend, the assistant director of investment management at Bank of Uganda, Mr Alan Lwetaba, said the public must understand the approaches to alternative funding of public projects before committing to them.
Much as PPPs are an alternative to debt, Mr Lwetaba advises that prior to joining an agreement; government should be coherent of its responsibilities and ensure to uphold them to avoid consequences. Read more. Source | Daily Monitor