Ethiopia, one of the fastest growing non-oil producing economies in Africa is planning to create employment opportunities to cut the high rate of unemployment. Addis Ababa City Administration plans to create 161,000 jobs for its citizens. Their vision is in line with the 2017/18 financial year plan. The country’s economy is rapidly growing and should be able to execute its goal soon. Read more. Source | The exchange
Private Equity investments in Africa remain robust, market indicators reflect, with the education sector being among top areas of investment. The increasing investor interest in PE’s is attributable to rapid urbanization, a resilient and adapting middle class and increased consumerism.The Sub Sahara’s private markets have also been termed “attractive” in terms of valuations compared to its public markets. Read more. Source | The Exchange
Though Africa has the world’s youngest population with 60 per cent being under 35 years old, Africa Development Bank (AfDB) statistics show that the average age of farmers in Africa is 60 years.
This is with 420 million youth aged 15-35 and this segment of the population is expected to double to 840 million by 2040.Farmers are also less educated, with younger and more educated Africans leaving rural areas, and moving to cities and urban areas. Read more. Source | New Times
The dairy industry in Tanzania has attractive business opportunities for the key players interested in the sector. The country’s performance has risen since 2003, with the milk production shooting up by 400 million litres only until last year. It is a significant sign to show the rapid growth of the sector and poses good return on investments to the businesses.
The Tanzania Dairy Board (TDB) has lauded the role of the dairy cooperatives in their efforts to drive the sector’s performance. Their presence in the society has benefited the farmers, and they could bolster their economic lives better. The board is aware of the potential for farmers to better the quality of milk, increase their production and elevate their lives through the dairy cooperatives. Read more. Source | The Exchange
Tanzania Dairy Board (TDB) has said there is huge potential for farmers to increase milk production, productivity and quality through use of dairy cooperatives.
The TDB Acting Registrar, Mr Jeremiah Temu, told the ‘Daily News’ in Dar es Salaam yesterday that cooperatives are conceived as the main vehicle for implementing dairy development programmes. “Apart from increase in milk output, productivity and quality, dairy cooperatives are platforms for farmers to access sources of finance from various lending institutions,” he said and encouraged farmers to form cooperatives in order to tap the opportunities. Read more. Source | Daily News
An ongoing COMESA annual research forum in Nairobi has been informed that the trade block stands to gain monumental growth and saving if only it implemented electronic measures to promote trade. According to trade researchers, the region would annually gain US$17.5 billion in intra-COMESA exports if all the member States fully implemented the digital trade facilitation reforms that involves the use of paperless trade facilitation measures. Read more. Source | The Exchange
Dar es salaam will host a major exhibition on investment promotion which is aimed at linking local and foreign investors with different projects as part of activities of private sector to promote investment drive. Phimona Limited, a marketing and communication consulting firm will organize Tanzanian Investment & Conference (TIPEC) in November this year to identify and profile projects for investments. Read more. Source | Daily News
The nation of Tanzania will be receiving some hefty financial inclusion to boost its economy by lifting major sectors in the country. The country seeks to regain its competitive position in the regional market and would be in need of massive financial investment to see it through.
Trade and Development Bank has stepped in to the rescue of the country’s major sectors to finance them as has been the case from time. From infrastructure to energy, agriculture and trade, the banking company has been an affiliate of greatness in Africa. Its presence through loans has seen a robust growth of sectors and the lifting of economies. Read more. Source | The Exchange
East Africa has enjoyed stronger and more resilient economic growth than the other regions in Africa, at over 4 per cent per year since 1990, a new report shows.
A new joint report by the African Union Commission (AUC) and Organisation for Economic Co-operation and Development (OECD) shows that East Africa and West Africa managed to reduce extreme poverty by 23 and 12 percentage points respectively between 1990 and 2013. Read more. Source | New Times
When thinking about investing in Africa, many investors identify South Africa as the most important market on the continent. However, we believe other countries in the region also offer much untapped long-term potential.
Among frontier markets globally, Africa offers one of the most exciting investment stories, in our view. But we recognize that investors may need to be patient and understand some of the unique aspects of doing business in those markets, as well as the risks. Read more. Source | New Times