The Prime Minister of Tanzania, Mr. Kassim Majaliwa recently stated that the government has allocated 4.3 million U.S dollars to boost the cultivation of palm oil as a part of its strategy to develop the crop so that its farmers are on the same level as growers of other cash crops.
Majaliwa made this statement while speaking in western Tanzania's region of Kigoma soon after inspecting an oil palm farm of the National .... Read more »
Posted on : Tuesday , 19th February 2019
The Kenya-Tanzania Power Interconnection Project has been divided into several lots, with contractors on the Tanzanian side executing to set up a 510km 400kv transmission line and following substations in order to meet the 2020 completion deadline.
Posted on : Tuesday , 19th February 2019
Mombasa government brings out a major milestone as the county launches electronic vehicle parking (e-parking) to raise revenue collection.
This is the commencement of a journey that will watch the Governor Hassan Joho-led administration digitise services in all its 10 departments.The automation of parking fees collection will promote efficiency and stanch revenue leaks, said Finance executive Mariam Mbaruk.
In 2018, OOMCO came up with its first mega station in Dammam, Saudi Arabia. The 40,000 square meter facility includes cafes, rest areas and five-star automated car washes.
Oman Oil Marketing Company (OOMCO) has declared a plan to extend its operations in Saudi Arabia and Tanzania.
Posted on : Monday , 18th February 2019
The company plans to have four fully.... Read more »
Irish oil & gas explorer Aminex has raised £1.85m (€2m) in share capital to boost up its work in Tanzania. The company provided 127,226,781 ordinary new shares at a placing price of Stg 1.45p per share.
Funds raised by the group will be used to speed up development over its Kiliwani development in Tanzania, as it takes advantage of debilitated market conditions in the service industry there.
The net proceeds of the share placing wi.... Read more »
Posted on : Friday , 15th February 2019
British solar panel manufacturer gives a boost of £24.1m to expand into Kenya, Rwanda and the Democratic Republic of Congo.The British solar panel manufacturer has already expanded more than 150,000 solar systems, allowing nearly 1m people in 35 countries and made over £20m in sales in 2017.
For people earlier off grid, it offers pay-as-you-go solar power that is cheaper and cleaner than kerosene.
The deal between BBOXX, is indentified as a “n.... Read more »
Posted on : Wednesday , 13th February 2019
Posted on : Tuesday , 12th February 2019
The story behind Africa’s fashion crosses the complex designs of the continent’s culture, heritage, and her dress. The next big thing is to provide a solution to the potential of Africa to drive the future of Africa and slow economic growth due to rising youth unemployment and increased value of commodities.
Posted on : Saturday , 9th February 2019
Mango, a Spanish clothing chain, has opened a store in Kenya, joining international brands such as Lacoste, Cocolili, Pierre Cardin, Foschini, LC Waikiki, and others that have already pitched tent in mostly Karen, Westgate and Runda malls.
Posted on : Saturday , 9th February 2019
In implementing Africa's agricultural transformation policies, East African countries are leading. South Africa is second, according to a report on the Malabo declaration.
Posted on : Saturday , 9th February 2019
Report from Rand Merchant Bank (RMB) has forecasted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019.
Posted on : Friday , 8th February 2019
According to Africa’s Rand Merchant Bank (RMB), Investment Attractiveness index forecast Kenya, Rwanda and Tanzania will be among Africa’s most attractive investment spot in 2019.
Posted on : Friday , 8th February 2019
According to the report, Ethiopia, which is Africa’s fastest-growing economy, has successfully survived to foster its comparative advantage, especially in agriculture.... Read more »
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