The IMF and the World Bank have released the growth estimates for Rwanda to 7.2 percent . The International Monetary Fund(IMF) has retainied the economic growth projection for 2018 at 7.2 percent based on strong industrial policy and favourable climate which helped in boosting agricultural output. Rwanda is one of the fastest growing economies with an average growth rate of 7 percent every year since 2000.
Laure Redifer the head of the IMF team, said that after a.... Read more »
Posted on : Tuesday , 9th October 2018
The Tanzanian government has selected well known Swedish-Swiss multinational corporation, ABB to supply complete substation equipment and engineering solutions for a 530 km-long high-speed electric line stretching between Dar es Salaam and Makutupora.
Termed as a landmark project, the line is intended to link Tanzania’s port cities with interior areas and neighbouring countries to stimulate regional trade and passenger travel in the region and help strengthen the.... Read more »
Posted on : Thursday , 4th October 2018
Construction work on the 1,545 km road linking the port of Mombasa and Burundi dubbed the Mombasa-Bujumbura highway is now complete and is set to increase trade between the two countries.
Transport Cabinet Secretary James Macharia, confirmed the reports and said the road which is part of the Trans-African Highway, links the port through Holili, Singida-Kobero border and finally to Bujumbura, slashing the distance between Mombasa and Bujumbura through the N.... Read more »
Posted on : Thursday , 4th October 2018
The European Union (EU) and the government of Tanzania on Tuesday have signed a 103.5-million-Euro financing agreement to improve productivity in the agricultural sector.
A joint statement by the EU and the government of Tanzania said will focus on horticulture, coffee and tea to improve agricultural productivity.
Posted on : Wednesday , 3rd October 2018
Kenya’s Ministry of Energy has released an updated power development plan, unveiling the nation’s energy strategy between 2017 and 2037.
Under the strategy, construction of the planned Sh968bn (US$9.6bn) nuclear power plant has been postponed by nine years.
The plant had been initially intended for building in 2027, but is now set for 2036 at the earliest. The first unit is anticipated to be built in 2036, followed by a second unit the follo.... Read more »
Posted on : Wednesday , 3rd October 2018
Balsam International, a heart surgery and cardiology team is preparing to go to Dar es Salaam, Tanzania, in the next few days to treat 176 heart patients after successful trips to treat 225 heart patients in Yemen.
Posted on : Monday , 1st October 2018
Tanzania Trade Development Authority (TTDA) has said that the country has secured a market for coffee, cashew nuts, ginger, tea, peas, and legumes in China where there is high demand for the commodities.
Rwanda and India have signed a US$66.60 million (Approximately Frw 56 billion) concessional loan agreement worth US$66.60 million (Approximately Frw 56 billion) towards the construction of the Base- Butaro-Kidaho road project. Dr. Uzziel Ndagijimana, Rwandan Minister of Finance and Economic Planning signed on behalf of the Rwandan Government along with Mr. Tarun Sharma, General Manager and Regional Head of India Export Import Bank representing the Indian Government.
The 63-k.... Read more »
Posted on : Monday , 1st October 2018
British architecture firm aLL Design and Nanyuki Cedar Mall developer Kiloran Development Group Kenya is set to construct the largest mall space on the periphery of Nairobi’s City Centre.
The development will aim to become a stand alone retail leisure destination but will also have offices. The shopping mall which will be christened ‘The Beacon’ is planned to be set on a site off the east of Uhuru Highway towards Bunyala Road roundabout. It is planned to oc.... Read more »
Posted on : Saturday , 29th September 2018
The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region.
Posted on : Friday , 28th September 2018
The ongoing China-ASEAN Expo 2018 has promoted investment and trade opportunities in Tanzania, yielding positive results with some Chinese investors expressing interest in processing cassava starch.
Tanzania offers many opportunities and the 21st Autoexpo Africa scheduled for November 2018 in Dar es Salaam is one of the mainstream avenues for marketing a global brand like Hyundai to the East African region. The company is preparing to introduce new products and is working on expanding its portfolio of vehicles to cater to the next generation car owner. Hyundai believes that people’s expectation toward individual mobility requires more than just a convenient means of trans.... Read more »
Posted on : Saturday , 22nd September 2018
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