Tanzania: Dar Investment Opportunities Attract Investors

Tanzania remains the centre of attractions to investors in Africa and the globe due its immense and unique investment opportunities.   "Tanzania is endowed with unique investment opportunities among the East African countries and has been the major focus on most investors from Africa and the world," the Frontier Advisor, Deloitte, Mr Martyn Davies said in Dar es Salaam at the weekend.   He made the remarks on behalf of the delegation of bankers and.... Read more »

Posted on : Tuesday , 16th August 2016

Ethiopia Envisages Becoming World's Second Coffee Producer

 The Ministry of Farming and Natural Resource said it is working towards enabling Ethiopia become world's second coffee producer in a decade.   Officially launching preparation for the 15th African Fine Coffee Conference and Exhibition slated for February 12-17, 2017 in Addis, State Minister Wondyirad Mandefro said that Ethiopia will become the second largest coffee producer in the world at least in a decade.   He said: "It is very painful to see that we are.... Read more »

Posted on : Monday , 15th August 2016

Tanzania: China Trade With Tanzania At U.S.$5 Billion

Dar es Salaam — Trade between China and Tanzania has hit $5billion according to the Chinese Embassy in Tanzania.   The Deputy China Ambassador to Tanzania Gou Haodong confirmed to East African Business Week that they will continue to invest in Dar while improving their bilateral ties and economic cooperation as trade between the two countries.   He was exclusively speaking to East African Business during a one day seminar on Work, Residence Permits and Importance.... Read more »

Posted on : Monday , 15th August 2016

Tanzania: Cyber Firm Releases Technology to Boost Protection Against Unknown Exploits

A cyber firm, Sophos, has announced the availability of a better programme for Sophos Intercept, the next generation of advanced endpoint protection in the company's broad portfolio of security solutions.   The senior vice- president and general manager of Enduser Security Group at Sophos, Dan Schiappa, said that with the steady rise of crippling ransom ware, pervasive zero-day exploits and memory resident attacks, sophisticated end-user security technologies are essential for.... Read more »

Posted on : Monday , 15th August 2016

Tanzania: Financial Institutions Urged to Finance Farmers

Njombe — Financial institutions have been urged to give loans to farmers to enable them increase their agricultural productivity.   Speaking at the closing of the five-day business training workshop to the local famers here over the weekend, Acting Njombe District Commissioner Anna Wiketye said lack of capital and unavailability of loans to famers remain among the great challenges in the region.   The Tanzania Dairy Farming as a Business (FAAB) training workshop.... Read more »

Posted on : Monday , 15th August 2016

Kenya: Turkey Looking to Make Inroads in Regional Construction Industry

The Turkish business community on Friday launched a major drive to popularise their construction and building products with a view to penetrating the East African market.   Turkish Ambassador to Kenya Deniz Eke said Turkey manufacturers were ready to form partnerships with Kenyan traders to promote their products.   Ambassador Eke said the deal would involve exploring ways to make the products locally.   She said that this would create a ready platform for skills'.... Read more »

Posted on : Monday , 15th August 2016

Kenya to Install 23 Solar Mini-Grids to Power Remote North

 The Kenya government, with the support of a 33-million-euro credit from the French government, plans to install 23 solar mini-grid power stations with the capacity to produce 9.6 MW of power to connecthouseholds in remote northern Kenya to electricity. Also to be installed as part of the project is a 0.6-MW mini-grid wind power plant, scaling up projected wind power production in the country in the next four years.    Already Lake Turkana Wind Power project, a.... Read more »

Posted on : Monday , 15th August 2016

Kenya: M-Pesa Diaspora Cash Inflows Hit Sh13.1 Billion

International money transfers on Safaricom's M-Pesa platform grew 64 per cent to Sh13.1 billion in the year ended March after the telco acquired a license from the Central Bank of Kenya (CBK) to offer outward cash remittances.   Safaricom launched M-Pesa services in Tanzania in February 2015, followed by Rwanda three months later after receiving a cash remittance operating licence from the CBK in 2014.   M-Pesa was previously limited to receiving cash.... Read more »

Posted on : Monday , 15th August 2016

Dam construction going full steam while Egypt-Ethiopia talks stall

BENISHANGUL-GUMUZ, Ethiopia — Ethiopia is seeking rapprochement with Egypt through the media after years of rising apprehension over the Grand Ethiopian Renaissance Dam of the Blue Nile watershed.   The tension arose almost as soon as then-Ethiopian Prime Minister Meles Zenawi laid the foundation stone in April 2011 for the now almost-finished dam.    Political and technical negotiations between the capitals, Cairo and Addis Ababa, are stumbling as the.... Read more »

Posted on : Monday , 15th August 2016

Feature: Investment main driver for China-Africa cooperation

Wang Shusheng, from Hebei Province of Northern China, is occupied with his steel plant in Tanzania set to go into operation in October.   Wang is the manager of Kiluwa Steel Group Co. Ltd, which covers an area of 300 acres, located in a remote land in Kibaha District, eastern Tanzania.   The factory mainly produces screw-thread steel and wire rod, with a first-phase investment of about 200 million yuan (about 30 million U.S. dollars).   In underdeveloped Africa,.... Read more »

Posted on : Monday , 15th August 2016

Kenya: U.S. Top Executives in Nairobi for Business

Executives of about a dozen high-powered US businesses are taking part in an investment-prospecting visit to Kenya from Sunday.   The three-day trade mission reflects a growing US corporate determination not to be outpaced in Africa by China.   The tour is organised by the Washington-based Corporate Council on Africa. Stephen Hayes, president and chief executive of that 180-member business association, is leading the delegation, which will also travel to.... Read more »

Posted on : Monday , 15th August 2016

Sh276mn spent on revamping health facilities in Nyamira

Over Sh276 million has been spent in revamping health facilities in Nyamira County.   Governor John Nyagarama says they have pumped at least Sh211 million towards the purchase of hospital equipment.   Germany, Finland and Global Fund added Sh65m worth of equipment said the Governor.   The money excludes funds the County has used so far to establish additional 13 new health centres.   The County has now 100 rural health facilities spread across the.... Read more »

Posted on : Monday , 15th August 2016