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Kenya's exports to Tanzania up 28.5pc in first five months

Published on July 18, 2018
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
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Dar to host major exhibition on investment

Published on July 18, 2018
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
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Tanzania to secure $660 million to boost economy

Published on July 18, 2018
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
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Tanzania unveils cargo train to Uganda

Published on July 10, 2018
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
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Port Bell marine route cuts food delivery time by half

Published on July 09, 2018
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
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Return of free trade as Kenya-Tanzania spat ends

Published on July 09, 2018
Kenyan officials have announced the end of the long-running trade dispute with Tanzania following a bilateral meeting between the two states in Dar es Salaam. The move will see Kenya-made goods such as textiles, which had been denied preferential access, get to the Tanzanian market with much ease. Read more. Source | East African
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Law on agriculture crucial for growth

Published on July 05, 2018
The government has been asked to enact an agriculture insurance law to help bolster the sector. This will give insurance cover to crops and enable farmers to access bank loans. Debating ways of promoting lending in agriculture as the nation prepares to implement Phase Two of the Agricultural Sector Development Programme (ASDP-II), seminar facilitators underscored the need for government to throw its weight behind a comprehensive agenda that seeks to promote lending in Tanzania’s farming. Read more. Source | The Citizen
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New initiative launched to curb business barriers in Tanzania

Published on July 05, 2018
The Government of Tanzania has launched a business plan to help eradicate a number of challenges faced by businesses in the country. The initiative rolled out on Tuesday seeks to help deal with the barriers both private companies and potential investors face in their operations in the country. The Government is adamant the new plan to provide solutions for the market key players and business entities will spur the economy and create a conducive business environment for more businesses to venture in. Read more. Source | The Exchange
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