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Lindi set to be Tanzania Economic Hub Thanks to Gas Plant, Minister Indicates

The Lindi region is set to be Tanzania’s economic hub thanks to the planned construction of a liquefied natural gas (LNG) plant.

This was recently announced by Prof. Sospeter Muhongo, Tanzania’s Minister of Energy and Minerals.

He further explained that the Government of Tanzania will invest USD30b in the construction of the plant, which will take up to 40 months.

The plant wil.... Read more »

Posted on : Wednesday , 17th August 2016

Bank Commit TZS500b in Loans for Tanzania Agriculture Development

The Tanzania National Microfinance Bank (NMB) has set aside at least TZS500b to provide credit for agriculture development in the country over the next 5 years.

This is part of the NMB five-year strategy aimed at revamping agricultural financing in Tanzania. This strategy, named “AgriBiashara” (“AgriBusiness”), was launched on August 3rd 2016.

The facilitated access to credit is expected to aid f.... Read more »

Posted on : Wednesday , 17th August 2016

Kenya takes bold steps to protect the public from dangers of tobacco through new regulation

The government will next month enforce the tobacco regulations to enable the country to implement the long awaited graphic health warnings.

During the launch of the first Global Adult Tobacco Survey (GATS) in Kenya today the Cabinet Secretary for Health, Dr. Cleopa Mailu directed the Tobacco Control Unit to start the implementation of standardized packaging, to be implemented in the subsequent batch of graphic warnings.

Read more »

Posted on : Wednesday , 17th August 2016

Strong shilling hits Kenya’s regional export earnings

The shilling has performed better against the dollar this year compared to key regional trading partners, potentially hurting export earnings from these markets.

Data compiled by financial services firm African Alliance shows that the currencies of Uganda, Tanzania, Rwanda and Egypt have depreciated at a faster rate to the dollar than the Kenya shilling, which is 0.8 per cent up on the dollar year-to-date at 101.45 units, having exchanged within a ti.... Read more »

Posted on : Wednesday , 17th August 2016

Tanzania Awaits Sh1 Billion Dutch Aid For Runway Feasibility Project

Dar es Salaam — Talks between Tanzania and the Netherlands are going on for the later to grant Sh1.2 billion (euros 500,000) to the later to finance a feasibility study for construction of a two-kilometre runway at the Julius Nyerere International Airport (JNIA).

The Tanzania Airports Authority (TAA) says it has submitted a proposal to the government of the Netherlands which "is willing to provide the grant for the study".

&nb.... Read more »

Posted on : Wednesday , 17th August 2016

Water service providers urged to adopt latest technology

Water services providers have been trained on improving quality of water through the use of technology to monitor chemical levels.

The training conducted by energy and water solutions services company Davis&Shirtliff brought together members of the Water Services Providers Association, who were shown available technologies for monitoring usage, metering and optimising chemicals in water purification.

“The traini.... Read more »

Posted on : Wednesday , 17th August 2016

China-funded modern railway wins acclaims from African diplomats

The China-funded Mombasa-Nairobi railway in Kenya, which will eventually extend to the entire East African region, has won acclaims from African diplomats.

Thirteen African countries' diplomats in Kenya on Tuesday visited construction sites of the China-funded Mombasa-Nairobi railway in the country, hailing it as an embodiment of thriving China-Africa ties.

Ambassadors or high commissioners of Zimbabwe, Ugan.... Read more »

Posted on : Wednesday , 17th August 2016

Japan to offer high quality infrastructural development support to Africa at TICAD summit

Japanese Prime Minister Shinzo Abe will attend the 6th Tokyo International Conference on African Development (TICAD) in the capital city of Nairobi for the two-day conference, which will mark the first time summit to be held in Africa, sources close to the prime minister confirmed Tuesday.

The external link of TICAD was launched by the government here in 1993, with the previous five related events also held in Japan aimed at planning means to offer i.... Read more »

Posted on : Tuesday , 16th August 2016

Kenya: New Rules to Allow More Foreign Direct Investment in Kenya

The government has ratified new rules allowing foreign direct investment (FDI) in establishment of special economic zones (SEZ) where products will be manufactured for the export market.

In a Kenya gazette notice, Industry Trade and Co-operatives Cabinet Secretary Adan Mohamed said county governments were also at liberty to allocate land to any local or foreign investor planning to put up a SEZ whereby the identified facilities will also enjoy a one-.... Read more »

Posted on : Tuesday , 16th August 2016

African Renewable Energy Gains Attention

The potential for renewable energy development in Africa is experiencing an increase in attention lately as investors and world leaders seek a new clean energy frontier.

The continent could become a gold mine for renewable energy due to abundant solar and wind resources. But roadblocks to clean energy worldwide are amplified throughout the troubled regions of Africa - financial resources are thin and infrastructure is often unreliable.

&n.... Read more »

Posted on : Tuesday , 16th August 2016

Transforming healthcare through strengthened informal settlement

The Ministry of Health will next month set up 20 special clinics in urban informal settlements within Nairobi, Kisumu and Mombasa Counties to strengthen health system emergency preparedness.

The special clinics are part of the slum upgrading programme by the National Government expected to benefit more than 1.7 million Kenyans in the three counties.

The facilities which consists a fully equipped 40 feet container, with .... Read more »

Posted on : Tuesday , 16th August 2016

Ethiopia: Industrial Parks Promoting Foreign Investment Influx,Tapering Unemployment

Around the world, industrial parks have become significant vehicles for countries to provide competitive environments for industries to take off. Cognizant to this fact, the government of Ethiopia prioritized to the development of industrial parks to accelerate the economic transformation, promote and attract both domestic and foreign investors.

The Industrial Parks Development Corporation (IPDC) has built about ten industrial parks, and continue est.... Read more »

Posted on : Tuesday , 16th August 2016

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