Private sector’s continuous engagement with governments in the six East African Community (EAC) partner states is vital in boosting intra-regional trade, which currently stands at only 20 percent. The Chief Executive Officer (CEO) of the East African Business Council (EABC), Mr Peter Mathuki made the observation in Dar es Salaam yesterday on the sidelines of a breakfast meeting with heads of the business community in the country. Read more. Source | Daily News
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The government is due to introduce coffee export excellence award to traders who will have more market access of the commercial crop.This was explained recently by the Deputy Minister for Agriculture Dr Mary Mwanjelwa, when talking to coffee buyers during one of the coffee auctions which was held at the Moshi Coffee Exchange, in Moshi Kilimanjaro Region.
“The aim of introducing this award is to recognise and award coffee traders who will show their outstanding performances in finding coffee markets outside the country and also encourage coffee stakeholders including co-operatives to seek more markets so that farmers who have a lot of yields can access more markets and improve their income." Read more. Source | Daily News
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
Exports to Tanzania rose by the highest margin, outpacing other top buyers of Kenya’s goods in the first five months of the year, fresh statistics show, as trade relations begin to improve between the two states. Dar es Salaam ordered goods worth Sh10.54 billion between January and May, 28.58 per cent more than the same period in 2017, data released by the Kenya National Bureau of Statistics (KNBS) last week indicates. Read more. Source | Daily Nation
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
The Tanzania Railways Corporation (TRC) has launched a cargo service to Uganda through the Lake Victoria ports of Mwanza and Port Bell. The train will connect the port of Dar es Salaam to Uganda through Tabora and Isaka in western Tanzania, then Mwanza port by ships plying the lake. Read more. Source | East African
World Food Programme has hailed resumption of marine cargo transport services on Lake Victoria between Mwanza Port and Port Bell in Uganda last week after stopping for ten years. WFP National Logistics Officer, Mr Mahamud Mabuyu who witnessed the launching of the trips to Port Bell said the resumption meant that the new route by lake and rail from Tanzania would cut food delivery time by more than half. Read more. Source | Daily News