East Africa: Dar es Salaam to Become Regional Hub for Commodity Market

 Tanzania Commodity Exchange (TCX) is set to make Tanzania a hub for commodity trading in East African region that will involve setting up exchange associations and fostering relationships with International agencies. Commodity Exchanges integrates functioning of several key components of agriculture trade namely farmers, traders to services like Warehouse and Warehouse receipt system. It brings in standardization of quality and allows people to trade using efficient banking.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania: Tarime Council Plans Dams for Irrigation

 Tarime — Tarime District Council plans to construct dams for irrigation farming and livestock keeping in villages surrounding North Mara Gold Mine.   The council says the projects will enable villagers to have alternative sources of incomes.   "The aim of the council is to improve livestock and farming sectors by putting in place infrastructure like dams for livestock keeping and irrigation farming, " the District Council Economist, Mr Marwa Isack.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania’s $3.5b oil pipeline from Uganda to finish in 2020

 Tanzania plans to complete construction of a crude oil pipeline from Uganda in 2020 at an estimated cost of $3.5 billion, its energy ministry said on Monday.   Uganda said in April it would build a pipeline, to ship out crude from its fields in the Albertine rift basin, through Tanzania rather than Kenya, which had wanted to secure the export route.   Picking a route is vital for oil firms to make final investment decisions on developing reserves found in Uganda.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania banks on commodity market to boost farmers’ earnings

 Tanzania is counting on the Tanzania Commodity Exchange to boost farmers’ earnings and facilitate market exchange at a time when price fluctuations have taken a toll on farmers’ proceeds.   The commodity exchange which is also expected to foster relationships with international agencies integrates functioning of several key components of agriculture trade namely farmers, traders to services like Warehouse and Warehouse receipt system.   It brings in.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania: Target Realised As Road Projects Make Headway

 Bukoba — Deputy Minister for Works, Transport and Communications, Engineer Edwin Ngonyani has assured residents in Kagera region of the government's commitment to upgrade most of the roads to speed up people's development.   He also assured contractors undertaking various road projects of the government's commitment to pay them fully their outstanding payments, saying funds are available.   Mr Ngonyani made the remarks after visiting several ongoing projects.... Read more »

Posted on : Saturday , 6th August 2016

Obama roots for better US-Africa trade deals

 US President Barack Obama has signed executive order to support American companies interested in doing business in Africa.   Addressing beneficiaries of Young African Leaders Initiative on Wednesday at Town Hall in Washington DC, Obama said Africa has massive growth potential despite facing enormous challenges such as poverty, disease and conflict.   "You have one of the world’s fastest-growing regions, home to a middle class that is projected to grow to.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania plans to boost sugar output by 31 per cent in four years, state says

 Tanzania aims to raise sugar production by about 31 per cent over the next four years to meet domestic demand, the prime minister's office has said.   Local growers produce around 320,000 tonnes of raw sugar per year against demand of 420,000 tonnes, with imports from Brazil and elsewhere filling the deficit.   President John Magufuli in February tightened restrictions on sugar imports, leading to nationwide shortages and pushing up the local.... Read more »

Posted on : Saturday , 6th August 2016

Rwanda: BPR in Partnerships to Promote Financial Inclusion

 The CEO of Banque Populaire du Rwanda (BPR), Sanjeev Anand, has said they are aiming at promoting the government's goal of financial inclusion.   He made the remarks today while addressing the press about BPR's development partnership with Norfund, the Norwegian Investment Fund for Developing Countries, FMO, the Dutch development bank and Rabobank, a Dutch cooperative bank as a new shareholder.   "BPR welcomes this partnership as important for our company and.... Read more »

Posted on : Saturday , 6th August 2016

Mega industrial park signals Ethiopia’s manufacturing intent

 Ethiopia has commissioned the largest industrial park in Africa, signaling its intention to become one of Africa’s manufacturing hubs. The Horn of Africa nation, which is among the fastest-growing economies in the world, recently unveiled the Hawassa industrial park, which is core to its efforts to become one of Africa’s manufacturing powerhouses.   The mega facility, built at a cost of $250-million, is intended mainly for textile and apparel manufacturing.... Read more »

Posted on : Saturday , 6th August 2016

Chinese firm launches construction of Ethiopia-Kenya power project

 A Chinese company has commenced the construction of a major power transmission line project which will link grids of Ethiopia with Kenya. The firm, China Electric Power Equipment and Technology (CET) announced it has launched the construction of the $ 1.26 billion mega project this week.   The 500 KV transmission line which originates in Ethiopia’s Wolayita Sodo will have power transferring capacity of 2,000 MW and runs about 1,045km, of which 445km stretches into.... Read more »

Posted on : Friday , 5th August 2016

Kenya's Health Sector to Gain From Cuba's Support

 Nairobi — Kenya and Cuba are set to establish a regular exchange program for health workers to boost the two countries' health sectors.   President Uhuru Kenyatta said cooperation between the two countries would help improve his administration's initiatives to provide quality and affordable healthcare services to Kenyans.   "Cuba has one of the best health models in the world. I believe there is a lot we can share on health," President Kenyatta.... Read more »

Posted on : Friday , 5th August 2016

Ethiopia: Bold Move to Address Health Professionals Shortage

 s the economy of the country is growing, the health service demand of middle income earners is also increasing. Thus, the need for producing specialized health professionals is crucial.   Having healthy citizens is crucial for the over all development of a given country. Development programmes and plans as well as other activities require healthy human power. For this very reason, countries allocate huge budget for the expansion of health facilities, fulfilling medical.... Read more »

Posted on : Friday , 5th August 2016