Tanzania: Ugandan President's Visit to Boost Economic Partnership

Uganda President, Yoweri Museveni, arrives in the country tomorrow for a two-day state visit, to explore various potential areas of bilateral economic partnership, among them, the improved cargo clearance at the Dar es Salaam Port.   President Museveni will also hold talks with his host, President John Magufuli on the East African Common Market as well as the ongoing project for the construction of the 1,443-kilometre pipeline to transport crude oil from Hoima in Uganda to.... Read more »

Posted on : Saturday , 25th February 2017

Tanzania: Russia Looking to Increase Trade with Zanzibar

Russia Ambassador in Tanzania, Mr Yuri Fedorovich Popov, has assured continued relations with Zanzibar on matters that will mutually benefit the two countries.   Speaking at State House yesterday, the envoy who paid the Zanzibar president a courtesy call, stressed the need for two countries to enhance the historical bilateral ties.   "We should boost trade particularly open up opportunities for our people to do business," he said. Mr Popov said his country.... Read more »

Posted on : Saturday , 25th February 2017

Tanzania: President Lauds Hospital for Saving Life of Domestic Abuse Victim

President John Magufuli has showered praise on the Muhimbili National Hospital (MNH), in particular, surgeons and staff who saved the life of one Neema Mwita Wambura who suffered severe burns on her body two years ago.   Ms Neema was allegedly burnt with boiling porridge by her husband in Kyagata village of Tarime District in Mara Region in 2014. She suffered severe injuries on her chest, neck and hands.   The Director of Presidential Communications, Gerson Msigwa,.... Read more »

Posted on : Saturday , 25th February 2017

Kenya: 35 Students to Undergo Railway Operation Training in China

Nairobi — Thirty-five Kenyan students will depart to China at the end of February on a scholarship program to prepare them for Kenya's new railway.   Transport and Infrastructure Cabinet Secretary James Macharia said the students will receive undergraduate education at Beijing Jiaotong University, a top university in China for railway studies.   "The students will receive high-level training for operating Kenya's railway and even the East African railway.... Read more »

Posted on : Saturday , 25th February 2017

Rwanda: New Chief Takes Over as Bugesera Airport Construction Gets Underway

The Aviation, Travel and Logistics Limited (ATL Ltd) has its work cut out for the next two years as the new chief executive takes office and construction works of Bugesera International Airport kicks off.   Lucky Cheong, the new chief executive of the holding firm, said, at the moment, they are deeply involved in the design of Bugesera International Airport as well as construction.   He said as construction work for the new airport starts, the firm is keen on setting up.... Read more »

Posted on : Saturday , 25th February 2017

Tanzania: Affordable Houses Key to Profits in Real Estate Market

Reports indicating that real estate developers and agents found it difficult to find clients to buy and rent high-end properties last year should give them a complete shift in their business models. Developers will be required to adjust to the new economic realities and come up with the type of houses that meet the capabilities of a majority of Dar es Salaam residents.   With a deficit of three million housing units, the market is still vast for developers. The problem,.... Read more »

Posted on : Friday , 24th February 2017

Ethiopia: Textiles Making Country FDI Manufacturing Hub

Ethiopia has continued becoming investors' choice. It is attracting more Foreign Direct Investment (FDI) from time to time. Particularly, textile and garment manufacturing industries, as the sectors are labour intensive, they create millions of job opportunities,and help transfer technology. They have managed to attract both local and foreign big companies in the budget year. Thus, becoming Africa's light manufacturing industry hub is well in progress.   In fact, all success.... Read more »

Posted on : Friday , 24th February 2017

Ethiopia: Construction Industry Key to Sustained Development

The construction industry has been playing crucial role in expanding infrastructures such as roads, schools, health centres, real estates, irrigation, residential houses and the like. Hence, it created job opportunities for hundreds of thousands allover the country and established value chains through facilitating markets to cement industries and small scale enterprises. As rapidly growing economy, the nation aims at cultivating the sector so that it would meet its development.... Read more »

Posted on : Friday , 24th February 2017

Ethiopia: The Bolstering Growth of the Construction Industry

Ethiopia is a rapidly growing country that has been scoring a double digit economic growth for a decade. The availability of untapped natural resources coupled with its being the second populous country in Africa further makes the nation advantageous. Among others, the construction sector is instrumental in catapulting the nation to higher levels of development.   Without the construction sector, the burgeoning of all the economic sub sectors such as modern agriculture and.... Read more »

Posted on : Friday , 24th February 2017

East Africa: Tanzanian Energy Firm to Take Over Kenya Oil Unit

Nairobi — Tanzania's energy firm Lake Oil is set to acquire the petroleum retail business of Hashi Energy in Kenya.   The acquisition will add to Lake Oil's existing gas distribution business in Kenya.   "It is notified for general information that the Competition Authority of Kenya has authorised the proposed acquisition of the retail petroleum business of Hashi Energy Limited by Lake Oil Limited," the regulator said in a notice.   The value of.... Read more »

Posted on : Friday , 24th February 2017

Rwanda: Govt Expects to Raise Yearly $2 Million In Taxes for AU Funding

Members of Parliament have approved the relevance of the Bill establishing the levy on imported goods for the financing of African Union (AU) operations.   The Bill, if enacted into law, will help the Government collect around Rwf1.5 billion annual dues to sponsor AU affairs as the continent seeks to get rid of donor dependence.   At least $1.2 billion (about Rwf898 billion) is expected to be raised by all African states to cater for the ongoing reforms that seek to.... Read more »

Posted on : Friday , 24th February 2017

Ethiopia: PM Lays Cornerstone for $100 Million Agro-Industrial Park

Prime Minister Hailemariam Dessalegn laid a cornerstone for Baeker Integrated Agro-Industrial Park yesterday in Humera, town of western Tigray State.   Speaking at the occasion, Prime Minister Hailemariam said the industrial park would play a role in creating economic integration with neighboring countries apart from its importance for the national economy.   The premier noted that the industrial park would also support country's economic transformation and deter illegal.... Read more »

Posted on : Thursday , 23rd February 2017